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Electricity is becoming a stronger economic growth engine, powering AI data centres, EVs, heat pumps and industrial decarbonisation. But grids aren't keeping up.
The evolution of the artificial intelligence (AI) trade breathed new life into the once-sleepy utilities sector. It was once seen a boring bond-like group made for risk-averse income investors.
Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ: PUI - Get Free Report) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,592 shares, a growth of 51.2% from the February 26th total of 5,021 shares. Currently, 0.7% of the shares of the company are
Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ: PUI - Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 7,525 shares, a growth of 85.7% from the November 30th total of 4,053 shares. Currently, 0.7% of the company's stock are sold short. Based on an
A third Fed rate cut this year is boosting utilities, making diversified Utility ETFs like XLU an attractive way to tap lower borrowing costs and steady dividends.
Investing in companies operating in the utilities industry is a preferred option for income investors.
Although the broad stock market has staged a nice comeback from the worst first-half performance, volatility and uncertainty persist, and the utilities sector is making the most of it.
The normally sleepy utilities sector has been anything but boring this year. In fact, it's one of the best-performing groups in the S&P 500.