Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Update

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 11,459 shares, an increase of 224.6% from the April 30th total of 3,530 shares. Based on an average trading volume of 9,742 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Institutional investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth $1,118,000. Royal Bank of Canada lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 612.6% in the 1st quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock valued at $745,000 after purchasing an additional 13,619 shares during the last quarter. RPS Advisory Solutions LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at $506,000. Susquehanna International Group LLP purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth $440,000. Finally, Advisory Services Network LLC purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at about $398,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Invesco Dorsey Wright Utilities Momentum ETF stock traded down $0.42 during mid-day trading on Friday, hitting $46.40. The company’s stock had a trading volume of 3,295 shares, compared to its average volume of 13,448. The company has a 50 day moving average of $47.35 and a 200-day moving average of $46.10. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $40.88 and a one year high of $49.30. The stock has a market cap of $75.63 million, a PE ratio of 20.63 and a beta of 0.67.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.2594 dividend. This represents a $1.04 annualized dividend and a yield of 2.2%. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

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). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.