Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Update

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 14,534 shares, a drop of 73.4% from the August 15th total of 54,678 shares. Based on an average daily trading volume, of 25,280 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

PTH traded up $0.19 during trading on Friday, hitting $60.77. The stock had a trading volume of 17,094 shares, compared to its average volume of 28,040. The firm has a market capitalization of $240.65 million, a P/E ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $39.36 and a twelve month high of $64.10. The company’s 50-day moving average price is $60.41 and its 200 day moving average price is $54.36.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at about $39,000. Godfrey Financial Associates Inc. acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $45,000. Fifth Third Bancorp purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter worth approximately $70,000. Sankala Group LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $77,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter valued at approximately $84,000.

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.