Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Up 108.6% in April

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 7,743 shares, a growth of 108.6% from the April 15th total of 3,711 shares. Based on an average daily volume of 5,664 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 197.5% in the fourth quarter. Royal Bank of Canada now owns 70,681 shares of the company’s stock worth $3,513,000 after acquiring an additional 46,923 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock worth $2,342,000 after purchasing an additional 46,764 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 163.9% in the fourth quarter. Wells Fargo & Company MN now owns 35,139 shares of the company’s stock worth $1,746,000 after purchasing an additional 21,822 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter worth approximately $737,000. Finally, Jones Financial Companies Lllp grew its position in Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% in the 1st quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock worth $580,000 after purchasing an additional 13,488 shares during the period.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Healthcare Momentum ETF stock traded down $1.50 during trading on Friday, hitting $51.09. 6,900 shares of the company’s stock traded hands, compared to its average volume of 11,169. Invesco Dorsey Wright Healthcare Momentum ETF has a 1 year low of $35.78 and a 1 year high of $54.47. The business has a 50-day simple moving average of $50.06 and a 200-day simple moving average of $49.96. The stock has a market capitalization of $122.62 million, a P/E ratio of 35.21 and a beta of 0.85.

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.