Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Rises By 122.9%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 68,939 shares, an increase of 122.9% from the July 15th total of 30,935 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 133,163 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter worth about $39,000. Godfrey Financial Associates Inc. acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at about $45,000. Fifth Third Bancorp acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the first quarter valued at about $70,000. Sankala Group LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $77,000. Finally, Western Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter worth approximately $84,000.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Up 0.7%

Shares of PTH stock traded up $0.44 during trading hours on Friday, reaching $60.33. 29,982 shares of the company’s stock were exchanged, compared to its average volume of 27,150. The stock’s 50 day moving average is $57.54 and its 200-day moving average is $52.53. The company has a market cap of $238.91 million, a price-to-earnings ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $38.60 and a fifty-two week high of $61.78.

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.