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 the month of 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. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 65,544 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased 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 buying an additional 46,764 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at approximately $654,000. Oppenheimer & Co. Inc. bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter worth approximately $737,000. Bank of America Corp DE grew its position in Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% in the third quarter. Bank of America Corp DE now owns 103,654 shares of the company’s stock worth $4,569,000 after acquiring an additional 2,152 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% during 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 last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Up 0.1%

Shares of NASDAQ:PTH traded up $0.04 during trading on Monday, reaching $58.61. 71,570 shares of the company traded hands, compared to its average volume of 24,311. The firm has a fifty day simple moving average of $54.98 and a 200 day simple moving average of $51.53. Invesco Dorsey Wright Healthcare Momentum ETF has a 1-year low of $36.84 and a 1-year high of $61.78. The firm has a market cap of $222.72 million, a P/E ratio of 35.21 and a beta of 0.81.

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.