Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Update

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,208 shares, a drop of 41.0% from the December 15th total of 7,128 shares. Approximately 0.2% of the shares of the company are short sold. 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. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTH. Royal Bank of Canada lifted its position 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 acquiring an additional 3,730 shares during the period. Jones Financial Companies Lllp lifted its position in Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% in the first quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock worth $580,000 after purchasing an additional 13,488 shares during the period. Farther Finance Advisors LLC boosted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 3.5% during the second quarter. Farther Finance Advisors LLC now owns 24,453 shares of the company’s stock worth $951,000 after buying an additional 825 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter valued at $31,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,160 shares of the company’s stock valued at $512,000 after buying an additional 472 shares in the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 0.8%

NASDAQ:PTH traded down $0.42 during trading hours on Friday, hitting $49.07. 11,428 shares of the company traded hands, compared to its average volume of 22,148. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $33.56 and a twelve month high of $54.47. The firm has a 50-day moving average of $50.92 and a 200 day moving average of $44.68. The stock has a market capitalization of $123.17 million, a price-to-earnings ratio of 35.21 and a beta of 0.86.

Invesco Dorsey Wright Healthcare Momentum ETF Announces Dividend

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

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.