Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Declines By 80.0%

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

Invesco Dorsey Wright Healthcare Momentum ETF Stock Down 0.4%

Shares of Invesco Dorsey Wright Healthcare Momentum ETF stock traded down $0.21 during trading on Friday, reaching $50.52. The company’s stock had a trading volume of 16,103 shares, compared to its average volume of 11,014. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $33.56 and a 52-week high of $54.47. The firm’s 50-day moving average is $50.18 and its two-hundred day moving average is $43.46. The company has a market cap of $118.72 million, a price-to-earnings ratio of 35.21 and a beta of 0.86.

Invesco Dorsey Wright Healthcare Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be paid a dividend of $1.5265 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $6.11 dividend on an annualized basis and a dividend yield of 12.1%.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% during the first quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock valued at $580,000 after buying an additional 13,488 shares during the last quarter. Focus Partners Wealth purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter valued at $287,000. Royal Bank of Canada increased its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 39.6% in the 1st quarter. Royal Bank of Canada now owns 13,153 shares of the company’s stock worth $519,000 after purchasing an additional 3,730 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% in the third quarter. Bank of America Corp DE now owns 103,654 shares of the company’s stock worth $4,569,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter worth about $86,000.

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.