Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Declines By 63.4%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 11,988 shares, a decline of 63.4% from the January 15th total of 32,792 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 13,643 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 13,643 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the second quarter worth approximately $31,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at $45,000. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth $49,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter worth $86,000. Finally, Jones Financial Companies Lllp boosted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock valued at $149,000 after acquiring an additional 261 shares during the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 0.2%

Invesco Dorsey Wright Healthcare Momentum ETF stock opened at $48.84 on Wednesday. The firm has a market capitalization of $122.59 million, a P/E ratio of 35.21 and a beta of 0.86. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $33.56 and a twelve month high of $54.47. The stock’s fifty day simple moving average is $50.16 and its 200-day simple moving average is $46.08.

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

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.