Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Drops By 56.5%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 5,000 shares, a drop of 56.5% from the March 15th total of 11,500 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 12,600 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 366.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,287 shares of the company’s stock worth $52,000 after purchasing an additional 1,011 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 105.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,200 shares of the company’s stock worth $48,000 after buying an additional 615 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at approximately $700,000. Commonwealth Equity Services LLC raised its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 19.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,919 shares of the company’s stock worth $838,000 after acquiring an additional 3,439 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at $220,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

NASDAQ PTH traded up $0.30 during trading on Friday, reaching $37.32. 3,453 shares of the company’s stock were exchanged, compared to its average volume of 10,760. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $33.56 and a fifty-two week high of $48.63. The business has a 50 day moving average price of $39.79 and a 200-day moving average price of $42.33. The stock has a market capitalization of $103.00 million, a P/E ratio of 31.13 and a beta of 0.85.

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.