Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Shares Shorted: Short Interest Down 39.8% in September

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 14,990 shares, a drop of 39.8% from the September 15th total of 24,887 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 45,341 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC boosted 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 valued at $1,646,000 after purchasing an additional 33,135 shares during the period. MinichMacGregor Wealth Management LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter worth about $310,000. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at approximately $247,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the second quarter valued at approximately $217,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at approximately $84,000.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of PTH traded down $2.07 during midday trading on Friday, hitting $55.98. 49,667 shares of the stock traded hands, compared to its average volume of 29,526. Invesco Dorsey Wright Healthcare Momentum ETF has a 1-year low of $45.45 and a 1-year high of $64.10. The firm has a market capitalization of $273.75 million, a PE ratio of 35.21 and a beta of 0.81. The business’s 50 day moving average price is $60.82 and its two-hundred day moving average price is $56.41.

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.