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 growth in short interest during the month of June. As of June 30th, there was short interest totaling 11,261 shares, a growth of 279.3% from the June 15th total of 2,969 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 19,517 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several large investors have recently added to or reduced their stakes in PTH. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at about $39,000. Godfrey Financial Associates Inc. purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth about $45,000. Sound Income Strategies LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth about $49,000. Fifth Third Bancorp acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter worth approximately $70,000. Finally, Sankala Group LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter worth approximately $77,000.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 2.4%

Shares of Invesco Dorsey Wright Healthcare Momentum ETF stock traded down $1.41 during trading hours on Monday, reaching $58.49. 18,708 shares of the company’s stock were exchanged, compared to its average volume of 15,387. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $36.84 and a 52-week high of $61.78. The company has a fifty day moving average of $53.67 and a 200-day moving average of $50.94. The firm has a market capitalization of $155.00 million, a price-to-earnings ratio of 35.21 and a beta of 0.81.

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.