Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Declines By 57.6%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,655 shares, a decrease of 57.6% from the May 14th total of 6,261 shares. Based on an average daily volume of 6,345 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Healthcare Momentum ETF stock opened at $50.65 on Friday. Invesco Dorsey Wright Healthcare Momentum ETF has a one year low of $36.84 and a one year high of $54.47. The stock’s 50-day moving average is $51.14 and its 200 day moving average is $50.23. The firm has a market cap of $121.56 million, a price-to-earnings ratio of 35.21 and a beta of 0.84.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock valued at $2,342,000 after purchasing an additional 46,764 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at about $654,000. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at about $737,000. Fifth Third Bancorp bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter valued at about $70,000. Finally, Sankala Group LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $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.