Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Sees Large Drop in Short Interest

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 7,128 shares, a decrease of 80.0% from the November 30th total of 35,694 shares. Based on an average daily volume of 19,339 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 19,339 shares, the short-interest ratio is presently 0.4 days.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of PTH stock opened at $50.52 on Friday. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $33.56 and a fifty-two week high of $54.47. The company has a market cap of $118.72 million, a P/E ratio of 35.21 and a beta of 0.86. The stock has a 50 day simple moving average of $50.27 and a two-hundred day simple moving average of $43.54.

Invesco Dorsey Wright Healthcare Momentum ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $1.5265 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $6.11 annualized dividend and a dividend yield of 12.1%.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the second quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter worth approximately $86,000. Jones Financial Companies Lllp lifted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock valued at $149,000 after purchasing an additional 261 shares during the last quarter. Focus Partners Wealth bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at $287,000. Finally, PFG Advisors increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 8.2% in the third quarter. PFG Advisors now owns 10,492 shares of the company’s stock worth $462,000 after buying an additional 791 shares during the last quarter.

About Invesco Dorsey Wright Healthcare Momentum ETF

PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.The Fund invests only in health care sector.