Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Up 2,154.5% in December

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 24,800 shares, an increase of 2,154.5% from the November 30th total of 1,100 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PUI. Private Advisor Group LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter valued at approximately $219,000. Sunbelt Securities Inc. bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth $962,000. Finally, ROI Financial Advisors LLC increased its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 1.2% in the third 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 period.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.6 %

Invesco Dorsey Wright Utilities Momentum ETF stock traded down $0.23 during midday trading on Friday, reaching $38.94. The company’s stock had a trading volume of 2,974 shares, compared to its average volume of 7,758. The stock has a market cap of $53.35 million, a PE ratio of 20.82 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a 52 week low of $30.23 and a 52 week high of $42.78. The business has a 50-day moving average price of $40.45 and a 200-day moving average price of $38.43.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

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