Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 800 shares, a drop of 84.0% from the September 30th total of 5,000 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 0.1 days.
Invesco Dorsey Wright Utilities Momentum ETF Price Performance
Shares of PUI traded down $0.48 on Friday, reaching $39.92. 35,425 shares of the stock traded hands, compared to its average volume of 7,514. The stock’s 50-day moving average price is $39.25 and its 200-day moving average price is $36.68. The firm has a market cap of $57.09 million, a price-to-earnings ratio of 20.82 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $29.54 and a 12 month high of $40.70.
Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22.
Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF
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).
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