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

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 2,762 shares, a drop of 77.0% from the January 29th total of 11,988 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 12,002 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 12,002 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of PTH traded down $0.35 during midday trading on Friday, reaching $49.83. The stock had a trading volume of 6,148 shares, compared to its average volume of 14,376. The company has a market capitalization of $125.07 million, a P/E ratio of 35.21 and a beta of 0.86. The firm’s 50 day moving average price is $49.39 and its 200-day moving average price is $46.91. Invesco Dorsey Wright Healthcare Momentum ETF has a 52 week low of $33.56 and a 52 week high of $54.47.

Invesco Dorsey Wright Healthcare Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $1.5265 dividend. The ex-dividend date was Monday, December 22nd. This represents a $6.11 annualized dividend and a yield of 12.3%.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 197.5% during the fourth quarter. Royal Bank of Canada now owns 70,681 shares of the company’s stock valued at $3,513,000 after purchasing an additional 46,923 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock worth $2,342,000 after acquiring an additional 46,764 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 35,139 shares of the company’s stock worth $1,746,000 after acquiring an additional 21,822 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at $737,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% in the 1st quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock valued at $580,000 after purchasing an additional 13,488 shares during the period.

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.