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

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target 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. Based on an average trading volume of 65,544 shares, the short-interest ratio is presently 0.5 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the second quarter worth about $217,000. NewEdge Advisors LLC grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% in the first quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock valued at $1,646,000 after buying an additional 33,135 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter valued at about $84,000. Fifth Third Bancorp purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter valued at about $70,000. Finally, Sankala Group LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $77,000.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of NASDAQ:PTH traded down $0.33 during midday trading on Tuesday, hitting $57.99. 65,383 shares of the company’s stock traded hands, compared to its average volume of 24,629. The company has a market cap of $220.36 million, a PE ratio of 35.21 and a beta of 0.81. The firm’s fifty day moving average price is $55.15 and its two-hundred day moving average price is $51.59. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $36.84 and a twelve month high of $61.78.

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.