Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Shares Shorted: Short Interest Up 75.1% in September

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 844 shares, an increase of 75.1% from the August 31st total of 482 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 3,621 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the first quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock valued at $123,000 after acquiring an additional 2,473 shares in the last quarter. Parallel Advisors LLC lifted its position in Invesco Dorsey Wright Utilities Momentum ETF by 513.7% in the 1st quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock valued at $147,000 after acquiring an additional 2,620 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at approximately $241,000. Ameritas Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at $270,000. Finally, Citadel Advisors LLC boosted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 52.4% during the 2nd quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock valued at $342,000 after purchasing an additional 2,472 shares during the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI stock opened at $41.22 on Friday. The company has a market capitalization of $48.64 million, a price-to-earnings ratio of 20.63 and a beta of 0.63. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $40.76 and a one year high of $49.30. The company’s 50-day moving average is $44.21 and its 200 day moving average is $46.10.

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.