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

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

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of large investors have recently added to or reduced their stakes in PUI. Private Advisor Group LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the third quarter worth $219,000. Sunbelt Securities Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at about $962,000. Finally, ROI Financial Advisors LLC raised its position in Invesco Dorsey Wright Utilities Momentum ETF by 1.2% during the 3rd quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock valued at $1,756,000 after purchasing an additional 497 shares during the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 1.5 %

Shares of PUI traded up $0.57 during trading hours on Tuesday, reaching $39.01. The stock had a trading volume of 5,745 shares, compared to its average volume of 31,468. The company has a market capitalization of $45.25 million, a price-to-earnings ratio of 20.82 and a beta of 0.60. The firm has a 50-day simple moving average of $40.21 and a 200 day simple moving average of $38.77. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $30.23 and a 12 month high of $42.78.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.201 dividend. The ex-dividend date 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).