Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Stock Short Interest Jumps 212.0%

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

Invesco Dorsey Wright Healthcare Momentum ETF Stock Up 2.6%

Shares of NASDAQ PTH opened at $61.80 on Thursday. The firm’s 50-day moving average price is $60.52 and its two-hundred day moving average price is $54.46. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $46.09 and a 52-week high of $64.10. The stock has a market capitalization of $300.97 million, a P/E ratio of 35.21 and a beta of 0.81.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% during the 1st quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock worth $1,646,000 after buying an additional 33,135 shares during the last quarter. 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 buying an additional 13,831 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter worth $7,477,000. Outlook Wealth Advisors LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter worth $1,403,000. Finally, Western Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter worth $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.