Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Stock Short Interest Jumps 212.0%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 46,767 shares, a growth of 212.0% from the September 30th total of 14,990 shares. Based on an average daily trading volume, of 30,172 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of institutional investors have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at about $7,477,000. WealthBridge Capital Management LLC lifted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 37.4% during the 3rd quarter. WealthBridge Capital Management LLC now owns 50,787 shares of the company’s stock worth $3,086,000 after buying an additional 13,831 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% during the 1st quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock worth $1,646,000 after buying an additional 33,135 shares during the last quarter. Outlook Wealth Advisors LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter worth approximately $1,403,000. Finally, MinichMacGregor Wealth Management LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter worth approximately $310,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of PTH stock opened at $61.80 on Thursday. The firm has a market cap of $300.97 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 $46.09 and a 1-year high of $64.10. The firm has a fifty day moving average of $60.52 and a two-hundred day moving average of $54.46.

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.