Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 62.3% in March

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

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of hedge funds have recently bought and sold shares of the business. Independent Advisor Alliance acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at approximately $2,000,000. Blue Capital Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at $1,317,000. Financial Management Professionals Inc. purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth $1,102,000. Private Advisor Group LLC raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 60.1% during the 4th quarter. Private Advisor Group LLC now owns 8,651 shares of the company’s stock worth $335,000 after acquiring an additional 3,248 shares during the period. Finally, Westbourne Investments Inc. purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at about $201,000.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 1.1 %

PUI traded up $0.42 on Friday, hitting $40.67. 2,440 shares of the company’s stock were exchanged, compared to its average volume of 8,628. The firm has a 50-day moving average price of $40.45 and a 200-day moving average price of $40.17. The stock has a market cap of $45.55 million, a price-to-earnings ratio of 20.35 and a beta of 0.67. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $32.25 and a fifty-two week high of $42.78.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a dividend of $0.2554 per share. The ex-dividend date is Monday, March 24th. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous dividend of $0.20.

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).