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

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

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of NASDAQ PTH opened at $48.84 on Wednesday. The business’s 50 day moving average price is $50.16 and its 200-day moving average price is $46.08. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $33.56 and a fifty-two week high of $54.47. The company has a market cap of $122.59 million, a price-to-earnings ratio of 35.21 and a beta of 0.86.

Invesco Dorsey Wright Healthcare Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $1.5265 dividend. The ex-dividend date was Monday, December 22nd. This represents a $6.11 dividend on an annualized basis and a dividend yield of 12.5%.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% during the third quarter. Bank of America Corp DE now owns 103,654 shares of the company’s stock worth $4,569,000 after buying an additional 2,152 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock valued at $2,342,000 after purchasing an additional 46,764 shares in the last quarter. Byrne Financial Freedom LLC increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 2.3% in the fourth quarter. Byrne Financial Freedom LLC now owns 35,635 shares of the company’s stock valued at $1,771,000 after purchasing an additional 792 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% during the third quarter. Farther Finance Advisors LLC now owns 24,726 shares of the company’s stock worth $1,090,000 after purchasing an additional 273 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $737,000.

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.