Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Up 279.3% in June

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 19,517 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the second quarter valued at about $217,000. NewEdge Advisors LLC lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% in 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 in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter worth about $84,000. Fifth Third Bancorp purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter worth about $70,000. Finally, Sankala Group LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at approximately $77,000.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 2.4%

Shares of NASDAQ:PTH traded down $1.41 during midday trading on Monday, reaching $58.49. 18,708 shares of the company were exchanged, compared to its average volume of 15,387. The stock has a market cap of $155.00 million, a PE ratio of 35.21 and a beta of 0.81. The business’s fifty day moving average is $53.67 and its two-hundred day moving average is $50.94. Invesco Dorsey Wright Healthcare Momentum ETF has a one year low of $36.84 and a one year high of $61.78.

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.