Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Rises By 122.9%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 68,939 shares, a growth of 122.9% from the July 15th total of 30,935 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 133,163 shares, the days-to-cover ratio is presently 0.5 days.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Up 0.7%

NASDAQ PTH traded up $0.44 during trading hours on Friday, reaching $60.33. 29,982 shares of the company’s stock were exchanged, compared to its average volume of 27,150. The stock has a market cap of $238.91 million, a PE ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a one year low of $38.60 and a one year high of $61.78. The firm has a fifty day moving average of $57.54 and a 200-day moving average of $52.53.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Several large investors have recently made changes to their positions in PTH. Wealthcare Advisory Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the second quarter valued at $217,000. NewEdge Advisors LLC raised its holdings 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 valued at $1,646,000 after buying an additional 33,135 shares during the last quarter. Western Wealth Management LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter worth about $84,000. Fifth Third Bancorp acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter worth about $70,000. Finally, Sankala Group LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth about $77,000.

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.