Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Expands By 679.3%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a significant increase in short interest in 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. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 22,870 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 22,870 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.3% of the company’s shares are sold short.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 1.2%

Shares of NASDAQ PTH traded down $0.60 during trading hours on Wednesday, reaching $48.81. The stock had a trading volume of 6,514 shares, compared to its average volume of 19,329. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $33.56 and a 52-week high of $54.47. The firm has a market cap of $122.51 million, a price-to-earnings ratio of 35.21 and a beta of 0.86. The business’s fifty day moving average price is $50.98 and its two-hundred day moving average price is $45.34.

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 issued a $1.5265 dividend. This represents a $6.11 annualized dividend and a dividend yield of 12.5%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several institutional investors have recently made changes to their positions in PTH. Ameritas Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the second quarter worth about $31,000. Sound Income Strategies LLC purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at about $49,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter valued at about $86,000. Jones Financial Companies Lllp lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock worth $149,000 after purchasing an additional 261 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at approximately $287,000.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

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.