Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Decreases By 41.0%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 4,208 shares, a decline of 41.0% from the December 15th total of 7,128 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 17,710 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 17,710 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 1.0%

Shares of PTH stock traded down $0.50 during trading hours on Thursday, hitting $49.32. 419 shares of the company were exchanged, compared to its average volume of 23,000. The firm has a fifty day simple moving average of $50.84 and a 200 day simple moving average of $44.57. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $33.56 and a 52-week high of $54.47. The stock has a market capitalization of $123.78 million, a price-to-earnings ratio of 35.21 and a beta of 0.86.

Invesco Dorsey Wright Healthcare Momentum ETF Dividend Announcement

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 $1.5265 dividend. This represents a $6.11 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd 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 third quarter valued at approximately $86,000. Jones Financial Companies Lllp lifted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock valued at $149,000 after buying an additional 261 shares in the last quarter. Focus Partners Wealth bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter worth approximately $287,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 23.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,920 shares of the company’s stock valued at $391,000 after buying an additional 1,500 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.