Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 84.0% in October

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) 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

A number of hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 12.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 15,710 shares of the company’s stock valued at $529,000 after acquiring an additional 1,750 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.6% during the second quarter. Capital Advisors Ltd. LLC now owns 17,705 shares of the company’s stock worth $616,000 after purchasing an additional 279 shares during the period. Sunbelt Securities Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at approximately $962,000. Finally, Private Advisor Group LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter valued at approximately $219,000.

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).