Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 24,887 shares, an increase of 71.2% from the August 31st total of 14,534 shares. Based on an average trading volume of 48,592 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the second quarter worth approximately $217,000. NewEdge Advisors LLC increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% during the first quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock worth $1,646,000 after purchasing an additional 33,135 shares during the period. Western Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the first quarter worth approximately $84,000. Fifth Third Bancorp acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter worth approximately $70,000. Finally, Sankala Group LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $77,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Invesco Dorsey Wright Healthcare Momentum ETF stock opened at $59.66 on Friday. The company’s 50-day moving average is $60.85 and its 200-day moving average is $55.62. The firm has a market capitalization of $288.75 million, a PE ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $44.09 and a fifty-two week high of $64.10.

About Invesco Dorsey Wright Healthcare Momentum ETF

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.