Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Up 108.6% in April

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 7,743 shares, an increase of 108.6% from the April 15th total of 3,711 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 5,664 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTH. Bank of America Corp DE grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% during the 3rd 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. LPL Financial LLC grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 97,033 shares of the company’s stock worth $4,823,000 after buying an additional 9,839 shares during the period. Royal Bank of Canada grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 197.5% during the 4th quarter. Royal Bank of Canada now owns 70,681 shares of the company’s stock worth $3,513,000 after buying an additional 46,923 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock worth $2,342,000 after buying an additional 46,764 shares during the period. Finally, Byrne Financial Freedom LLC grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 2.3% during the 4th quarter. Byrne Financial Freedom LLC now owns 35,635 shares of the company’s stock worth $1,771,000 after buying an additional 792 shares during the period.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Down 2.9%

PTH stock traded down $1.50 during midday trading on Friday, reaching $51.09. The stock had a trading volume of 6,900 shares, compared to its average volume of 11,169. The business has a fifty day simple moving average of $50.06 and a two-hundred day simple moving average of $49.96. The firm has a market cap of $122.62 million, a price-to-earnings ratio of 35.21 and a beta of 0.85. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $35.78 and a twelve month high of $54.47.

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.