Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,100 shares, an increase of 258.8% from the February 13th total of 1,700 shares. Based on an average daily volume of 9,500 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the company’s shares are sold short.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.1 %

Shares of PUI opened at $39.68 on Thursday. Invesco Dorsey Wright Utilities Momentum ETF has a 1-year low of $32.01 and a 1-year high of $42.78. The firm’s 50-day moving average price is $40.12 and its 200-day moving average price is $39.98. The firm has a market capitalization of $42.85 million, a price-to-earnings ratio of 20.02 and a beta of 0.67.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.201 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ROI Financial Advisors LLC boosted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.2% during the third quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock valued at $1,756,000 after purchasing an additional 497 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter worth $27,000. Global Retirement Partners LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter valued at $58,000. Private Advisor Group LLC boosted its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 60.1% during the 4th quarter. Private Advisor Group LLC now owns 8,651 shares of the company’s stock valued at $335,000 after buying an additional 3,248 shares in the last quarter. Finally, Westbourne Investments Inc. purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth about $201,000.

About Invesco Dorsey Wright Utilities Momentum ETF

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index).