Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Up 258.8% in February

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 6,100 shares, a growth of 258.8% from the February 13th total of 1,700 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 0.6 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Down 0.1 %

PUI stock opened at $39.68 on Thursday. The business has a 50 day moving average of $40.12 and a 200-day moving average of $39.98. The firm has a market cap of $42.85 million, a PE ratio of 20.02 and a beta of 0.67. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $32.01 and a 12-month high of $42.78.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The firm also recently announced 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 of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC increased its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 60.1% during the fourth quarter. Private Advisor Group LLC now owns 8,651 shares of the company’s stock worth $335,000 after buying an additional 3,248 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at approximately $58,000. Financial Management Professionals Inc. purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth approximately $1,102,000. ROI Financial Advisors LLC raised its holdings 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 worth $1,756,000 after purchasing an additional 497 shares during the period. Finally, Blue Capital Inc. bought a new position in Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter valued at $1,317,000.

About Invesco Dorsey Wright Utilities Momentum ETF

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).