Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Update

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 24,887 shares, a growth of 71.2% from the August 31st total of 14,534 shares. Based on an average trading volume of 48,592 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% during the first 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. Wealthcare Advisory Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter worth about $217,000. Western Wealth Management LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter valued at about $84,000. Fifth Third Bancorp bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter valued at about $70,000. Finally, Sankala Group LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $77,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of PTH stock traded down $1.10 during trading hours on Thursday, reaching $59.66. The company had a trading volume of 55,102 shares, compared to its average volume of 29,487. Invesco Dorsey Wright Healthcare Momentum ETF has a 1-year low of $44.09 and a 1-year high of $64.10. The company has a 50 day moving average of $60.84 and a 200 day moving average of $55.53. The firm has a market cap of $288.75 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.