Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Increases By 174.7%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 30,935 shares, an increase of 174.7% from the June 30th total of 11,261 shares. Based on an average daily volume of 65,544 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of institutional investors have recently modified their holdings of PTH. Royal Bank of Canada lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 39.6% during the first quarter. Royal Bank of Canada now owns 13,153 shares of the company’s stock worth $519,000 after purchasing an additional 3,730 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% during the first quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock valued at $580,000 after buying an additional 13,488 shares in the last quarter. Bank of America Corp DE raised its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 101,502 shares of the company’s stock valued at $3,946,000 after buying an additional 764 shares in the last quarter. Focus Partners Wealth bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter worth approximately $287,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 23.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,920 shares of the company’s stock worth $391,000 after buying an additional 1,500 shares during the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of NASDAQ:PTH traded up $0.04 during midday trading on Monday, reaching $58.61. The company had a trading volume of 71,570 shares, compared to its average volume of 24,311. The stock has a market capitalization of $222.72 million, a P/E ratio of 35.21 and a beta of 0.81. The stock’s fifty day moving average price is $54.98 and its 200-day moving average price is $51.53. Invesco Dorsey Wright Healthcare Momentum ETF has a one year low of $36.84 and a one year high of $61.78.

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.