Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Decreases By 56.5%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 5,000 shares, a decrease of 56.5% from the March 15th total of 11,500 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several hedge funds have recently modified their holdings of PTH. Global Retirement Partners LLC grew its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 366.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,287 shares of the company’s stock valued at $52,000 after acquiring an additional 1,011 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 105.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,200 shares of the company’s stock valued at $48,000 after purchasing an additional 615 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at $700,000. Commonwealth Equity Services LLC raised its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 19.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 20,919 shares of the company’s stock worth $838,000 after purchasing an additional 3,439 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter worth about $220,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

PTH opened at $37.67 on Wednesday. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $33.56 and a fifty-two week high of $48.63. The firm has a market capitalization of $103.97 million, a P/E ratio of 31.13 and a beta of 0.92. The company’s 50-day moving average is $40.03 and its 200 day moving average is $42.44.

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.