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

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 14,990 shares, a decrease of 39.8% from the September 15th total of 24,887 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 45,341 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PTH. Fifth Third Bancorp purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter worth about $70,000. Sankala Group LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at about $77,000. Western Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter valued at about $84,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 2nd quarter valued at about $217,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter valued at about $247,000.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of PTH stock traded down $2.15 on Friday, reaching $55.90. The stock had a trading volume of 70,297 shares, compared to its average volume of 29,634. The stock has a market cap of $273.35 million, a P/E ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a 1 year low of $45.45 and a 1 year high of $64.10. The company has a 50 day simple moving average of $60.73 and a 200 day simple moving average of $56.40.

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.