Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Large Decline in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,135 shares, a decrease of 58.4% from the September 30th total of 5,136 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,335 shares, the short-interest ratio is currently 0.6 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.7%

PUI traded up $0.29 during trading on Friday, hitting $44.27. The company’s stock had a trading volume of 1,209 shares, compared to its average volume of 10,575. The stock has a market capitalization of $50.46 million, a price-to-earnings ratio of 20.63 and a beta of 0.62. The firm’s 50 day moving average price is $43.06 and its two-hundred day moving average price is $45.77. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $40.76 and a 12 month high of $48.91.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at $505,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $241,000. Citadel Advisors LLC increased its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 52.4% during the second quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock worth $342,000 after acquiring an additional 2,472 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $270,000. Finally, NWF Advisory Services Inc. raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 32.2% during the second quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock worth $591,000 after acquiring an additional 3,028 shares during the period.

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.