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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant growth in short interest in 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. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth $27,000. Global Retirement Partners LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth about $58,000. Westbourne Investments Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at about $201,000. Private Advisor Group LLC lifted its position 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 buying an additional 3,248 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth approximately $1,102,000.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Utilities Momentum ETF stock opened at $40.66 on Friday. The business has a 50-day simple moving average of $40.14 and a 200 day simple moving average of $39.98. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $32.01 and a one year high of $42.78. The firm has a market capitalization of $43.51 million, a price-to-earnings ratio of 20.02 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. Shareholders of record on Monday, December 23rd were paid a dividend of $0.201 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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).