Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Sees Large Increase in Short Interest

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 9,600 shares, a growth of 54.8% from the January 31st total of 6,200 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Down 3.5 %

Invesco Dorsey Wright Healthcare Momentum ETF stock traded down $1.47 on Monday, hitting $40.07. The company’s stock had a trading volume of 4,670 shares, compared to its average volume of 13,922. Invesco Dorsey Wright Healthcare Momentum ETF has a one year low of $38.46 and a one year high of $48.63. The firm has a market cap of $118.21 million, a P/E ratio of 10.17 and a beta of 0.85. The company has a fifty day moving average price of $41.96 and a 200-day moving average price of $44.26.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 105.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,200 shares of the company’s stock valued at $48,000 after purchasing an additional 615 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 366.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,287 shares of the company’s stock worth $52,000 after buying an additional 1,011 shares during the period. Prosperity Consulting Group LLC boosted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 23.0% in the 4th quarter. Prosperity Consulting Group LLC now owns 7,393 shares of the company’s stock valued at $296,000 after buying an additional 1,384 shares in the last quarter. BNP Paribas bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $84,000. Finally, Commonwealth Equity Services LLC grew its position in Invesco Dorsey Wright Healthcare Momentum ETF by 19.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 20,919 shares of the company’s stock valued at $838,000 after acquiring an additional 3,439 shares during the period.

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.