Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 32,792 shares, an increase of 679.3% from the December 31st total of 4,208 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 22,870 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 22,870 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.3% of the company’s shares are sold short.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

PTH stock traded up $0.35 on Tuesday, reaching $49.41. The company’s stock had a trading volume of 9,023 shares, compared to its average volume of 20,207. The business has a fifty day simple moving average of $50.98 and a two-hundred day simple moving average of $45.34. The firm has a market cap of $124.02 million, a PE ratio of 35.21 and a beta of 0.86. Invesco Dorsey Wright Healthcare Momentum ETF has a 12-month low of $33.56 and a 12-month high of $54.47.

Invesco Dorsey Wright Healthcare Momentum ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $1.5265 per share. This represents a $6.11 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PTH. Sound Income Strategies LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter worth about $49,000. Wealthcare Advisory Partners LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter worth $654,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 23.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,920 shares of the company’s stock worth $391,000 after acquiring an additional 1,500 shares during the last quarter. Focus Partners Wealth bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter worth about $287,000. Finally, Bank of America Corp DE increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% during the 3rd quarter. Bank of America Corp DE now owns 103,654 shares of the company’s stock valued at $4,569,000 after purchasing an additional 2,152 shares in 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.