Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Rises By 174.7%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 30,935 shares, a growth of 174.7% from the June 30th total of 11,261 shares. Based on an average trading volume of 65,544 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.9% of the shares of the stock are short sold.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Down 0.6%

PTH stock opened at $57.99 on Wednesday. The company has a market cap of $220.36 million, a P/E ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $36.84 and a twelve month high of $61.78. The business’s fifty day moving average is $55.31 and its 200-day moving average is $51.64.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 39.6% during the first quarter. Royal Bank of Canada now owns 13,153 shares of the company’s stock worth $519,000 after purchasing an additional 3,730 shares during the period. Jones Financial Companies Lllp boosted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% in the 1st quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock valued at $580,000 after purchasing an additional 13,488 shares during the period. Bank of America Corp DE boosted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 101,502 shares of the company’s stock valued at $3,946,000 after purchasing an additional 764 shares during the period. Focus Partners Wealth bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter valued at $287,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 23.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,920 shares of the company’s stock valued at $391,000 after buying an additional 1,500 shares in the last quarter.

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.