Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Decreases By 57.6%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,655 shares, a decrease of 57.6% from the May 14th total of 6,261 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,345 shares, the short-interest ratio is currently 0.4 days.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of NASDAQ:PTH traded up $1.00 during midday trading on Friday, hitting $51.65. The company had a trading volume of 6,164 shares, compared to its average volume of 10,559. The company has a market cap of $123.96 million, a price-to-earnings ratio of 35.21 and a beta of 0.84. Invesco Dorsey Wright Healthcare Momentum ETF has a 12-month low of $36.84 and a 12-month high of $54.47. The company has a fifty day moving average of $51.18 and a two-hundred day moving average of $50.22.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake 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 buying an additional 2,152 shares in the last quarter. LPL Financial LLC increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 97,033 shares of the company’s stock worth $4,823,000 after buying an additional 9,839 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 197.5% in the 4th quarter. Royal Bank of Canada now owns 70,681 shares of the company’s stock worth $3,513,000 after buying an additional 46,923 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% in the 4th 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 in the last quarter. Finally, Byrne Financial Freedom LLC increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 2.3% in the 4th quarter. Byrne Financial Freedom LLC now owns 35,635 shares of the company’s stock worth $1,771,000 after buying an additional 792 shares in the last quarter.

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.