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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a decline of 87.5% from the December 15th total of 24,800 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the third quarter valued at approximately $219,000. Sunbelt Securities Inc. acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at $962,000. Finally, ROI Financial Advisors LLC increased its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.2% in the 3rd quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock valued at $1,756,000 after buying an additional 497 shares in the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Shares of PUI stock traded up $0.57 during trading hours on Tuesday, reaching $39.01. 5,745 shares of the company were exchanged, compared to its average volume of 31,468. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $30.23 and a fifty-two week high of $42.78. The stock’s fifty day moving average is $40.21 and its two-hundred day moving average is $38.77. The company has a market cap of $45.25 million, a price-to-earnings ratio of 20.82 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.201 dividend. The ex-dividend date of this dividend was Monday, December 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).