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

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 32,792 shares, a growth of 679.3% from the December 31st total of 4,208 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 22,870 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 22,870 shares, the short-interest ratio is presently 1.4 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 2nd quarter worth about $31,000. Sound Income Strategies LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter worth approximately $49,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter worth approximately $86,000. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% during the third quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock worth $149,000 after buying an additional 261 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at approximately $287,000.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Up 0.6%

Shares of NASDAQ:PTH traded up $0.27 on Thursday, reaching $48.80. The company had a trading volume of 9,403 shares, compared to its average volume of 19,174. The stock has a 50-day moving average price of $50.93 and a 200 day moving average price of $45.36. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $33.56 and a twelve month high of $54.47. The stock has a market capitalization of $122.49 million, a P/E ratio of 35.21 and a beta of 0.86.

Invesco Dorsey Wright Healthcare Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $1.5265 dividend. 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 12.5%.

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.