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 target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,743 shares, a growth of 108.6% from the April 15th total of 3,711 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,664 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter worth $39,000. Godfrey Financial Associates Inc. bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at about $45,000. Sound Income Strategies LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at about $49,000. Fifth Third Bancorp purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at about $70,000. Finally, Sankala Group LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter worth about $77,000.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 2.3%

Shares of PTH traded down $1.17 during mid-day trading on Monday, hitting $49.92. The company’s stock had a trading volume of 8,250 shares, compared to its average volume of 11,137. The company’s 50-day moving average is $50.06 and its 200-day moving average is $49.98. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $35.78 and a 52-week high of $54.47. The firm has a market capitalization of $119.81 million, a price-to-earnings ratio of 35.21 and a beta of 0.85.

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.