Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Declines By 23.5%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 3,900 shares, a decrease of 23.5% from the August 15th total of 5,100 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,433 shares of the company’s stock valued at $1,909,000 after purchasing an additional 504 shares during the period. Private Advisor Group LLC increased its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 297.1% in the first quarter. Private Advisor Group LLC now owns 27,242 shares of the company’s stock valued at $1,198,000 after purchasing an additional 20,381 shares during the period. Cetera Advisors LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at $300,000. Asset Allocation Strategies LLC increased its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 11.4% in the second quarter. Asset Allocation Strategies LLC now owns 6,597 shares of the company’s stock valued at $284,000 after purchasing an additional 675 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at $208,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

NASDAQ PTH opened at $46.76 on Friday. The business has a fifty day moving average price of $45.24 and a two-hundred day moving average price of $43.57. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $29.08 and a fifty-two week high of $47.94. The stock has a market capitalization of $150.57 million, a PE ratio of 9.66 and a beta of 0.85.

Invesco Dorsey Wright Healthcare Momentum ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.0255 per share. The ex-dividend date was Monday, June 24th. This represents a $0.10 annualized dividend and a dividend yield of 0.22%.

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.