Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Sees Significant Growth in Short Interest

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 46,767 shares, a growth of 212.0% from the September 30th total of 14,990 shares. Based on an average daily volume of 30,172 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Down 3.2%

Shares of NASDAQ:PTH traded down $1.96 on Friday, reaching $59.30. 8,688 shares of the company’s stock were exchanged, compared to its average volume of 29,603. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $46.09 and a fifty-two week high of $64.10. The business’s 50-day moving average is $60.47 and its two-hundred day moving average is $54.52. The firm has a market capitalization of $289.38 million, a price-to-earnings ratio of 35.21 and a beta of 0.81.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Large investors have recently added to or reduced their stakes in the business. Outlook Wealth Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter worth approximately $1,403,000. Kingswood Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter worth about $7,477,000. WealthBridge Capital Management LLC increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 37.4% in the third quarter. WealthBridge Capital Management LLC now owns 50,787 shares of the company’s stock worth $3,086,000 after purchasing an additional 13,831 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at about $310,000. Finally, Sound Income Strategies LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter worth $247,000.

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.