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

by · The Cerbat Gem

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 7,128 shares, a drop of 80.0% from the November 30th total of 35,694 shares. Based on an average daily trading volume, of 19,339 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 19,339 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter worth $86,000. Jones Financial Companies Lllp raised 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 worth $149,000 after purchasing an additional 261 shares in the last quarter. Focus Partners Wealth purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at $287,000. Finally, PFG Advisors boosted its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 8.2% during the 3rd quarter. PFG Advisors now owns 10,492 shares of the company’s stock valued at $462,000 after buying an additional 791 shares in the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Healthcare Momentum ETF stock traded up $0.27 during midday trading on Thursday, reaching $50.74. 7,606 shares of the company’s stock traded hands, compared to its average volume of 10,997. The stock has a 50 day moving average of $50.09 and a 200-day moving average of $43.41. Invesco Dorsey Wright Healthcare Momentum ETF has a 12 month low of $33.56 and a 12 month high of $54.47. The company has a market cap of $119.24 million, a PE 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 12.0%.

About Invesco Dorsey Wright Healthcare Momentum ETF

(Get Free Report)

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.

Recommended Stories