Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Decreases By 22.8%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,307 shares, a drop of 22.8% from the March 15th total of 1,694 shares. Based on an average trading volume of 8,307 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PTH. Bank of America Corp DE raised its position in Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 103,654 shares of the company’s stock worth $4,569,000 after purchasing an additional 2,152 shares during the last quarter. LPL Financial LLC increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 97,033 shares of the company’s stock valued at $4,823,000 after buying an additional 9,839 shares during the period. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 197.5% in the 4th quarter. Royal Bank of Canada now owns 70,681 shares of the company’s stock valued at $3,513,000 after buying an additional 46,923 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock valued at $2,342,000 after buying an additional 46,764 shares during the period. Finally, Byrne Financial Freedom LLC increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 2.3% in the 4th quarter. Byrne Financial Freedom LLC now owns 35,635 shares of the company’s stock valued at $1,771,000 after buying an additional 792 shares during the period.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Up 2.7%

Shares of PTH opened at $52.37 on Wednesday. Invesco Dorsey Wright Healthcare Momentum ETF has a 1 year low of $35.78 and a 1 year high of $54.47. The stock has a 50 day simple moving average of $48.76 and a 200-day simple moving average of $49.02. The stock has a market cap of $125.69 million, a PE ratio of 35.21 and a beta of 0.87.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

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.