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 significant growth in short interest during the month of 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. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 133,163 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $39,000. Godfrey Financial Associates Inc. acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $45,000. Fifth Third Bancorp acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at $70,000. Sankala Group LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $77,000. Finally, Western Wealth Management LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter worth $84,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of NASDAQ PTH traded up $0.44 during mid-day trading on Friday, hitting $60.33. The company had a trading volume of 29,982 shares, compared to its average volume of 27,150. Invesco Dorsey Wright Healthcare Momentum ETF has a 12 month low of $38.60 and a 12 month high of $61.78. The firm has a market cap of $238.91 million, a P/E ratio of 35.21 and a beta of 0.81. The business’s 50-day simple moving average is $57.54 and its 200-day simple moving average is $52.53.

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.