Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 482 shares, a decline of 62.8% from the August 15th total of 1,294 shares. Based on an average daily trading volume, of 3,256 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Invesco Dorsey Wright Utilities Momentum ETF Price Performance
Shares of PUI stock traded down $0.06 during trading hours on Friday, reaching $43.80. 1,758 shares of the stock were exchanged, compared to its average volume of 11,890. The business’s fifty day moving average is $45.66 and its two-hundred day moving average is $46.69. The firm has a market capitalization of $52.56 million, a P/E ratio of 20.63 and a beta of 0.63. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $43.08 and a 12-month high of $49.30.
Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF
A number of large investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 612.6% in the 1st quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock valued at $745,000 after acquiring an additional 13,619 shares during the last quarter. RPS Advisory Solutions LLC purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter worth approximately $506,000. Susquehanna International Group LLP purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth approximately $440,000. Advisory Services Network LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $398,000. Finally, Western Wealth Management LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF in the first quarter valued at approximately $344,000.
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). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.
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