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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 2,300 shares, a decline of 62.3% from the February 28th total of 6,100 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Shares of NASDAQ PUI traded up $0.31 during trading on Friday, hitting $40.56. 6,362 shares of the company were exchanged, compared to its average volume of 8,655. Invesco Dorsey Wright Utilities Momentum ETF has a 1 year low of $32.25 and a 1 year high of $42.78. The company has a market cap of $43.40 million, a price-to-earnings ratio of 20.35 and a beta of 0.60. The firm’s fifty day moving average price is $40.45 and its 200 day moving average price is $40.18.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.2554 per share. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous dividend of $0.20. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Several large investors have recently bought and sold shares of PUI. Steward Partners Investment Advisory LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth $27,000. Global Retirement Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at about $58,000. Westbourne Investments Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at approximately $201,000. Private Advisor Group LLC grew its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 60.1% in the fourth quarter. Private Advisor Group LLC now owns 8,651 shares of the company’s stock valued at $335,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth approximately $1,102,000.

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).