Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Up 279.3% in June

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 11,261 shares, a growth of 279.3% from the June 15th total of 2,969 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 19,517 shares, the short-interest ratio is currently 0.6 days.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 2.4%

Shares of PTH traded down $1.41 during trading hours on Monday, reaching $58.49. 18,708 shares of the stock traded hands, compared to its average volume of 15,387. The company has a market cap of $155.00 million, a P/E ratio of 35.21 and a beta of 0.81. The company’s 50-day moving average price is $53.67 and its two-hundred day moving average price is $50.94. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $36.84 and a 52-week high of $61.78.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock worth $2,342,000 after purchasing an additional 46,764 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at approximately $654,000. Oppenheimer & Co. Inc. purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter worth approximately $737,000. Bank of America Corp DE lifted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 103,654 shares of the company’s stock worth $4,569,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 35,139 shares of the company’s stock worth $1,746,000 after purchasing an additional 21,822 shares during the period.

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.