Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 87.5% in January

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

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

PUI traded down $0.23 during midday trading on Tuesday, reaching $39.28. The company had a trading volume of 3,717 shares, compared to its average volume of 16,342. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $30.31 and a 12-month high of $42.78. The business has a 50-day moving average price of $40.12 and a two-hundred day moving average price of $39.18. The stock has a market cap of $42.42 million, a PE ratio of 20.82 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders 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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the third quarter valued at about $219,000. Sunbelt Securities Inc. purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at approximately $962,000. Financial Management Professionals Inc. bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at $1,102,000. Finally, ROI Financial Advisors LLC lifted 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 worth $1,756,000 after acquiring an additional 497 shares in the last quarter.

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).