Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Up 54.8% in February

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

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

NASDAQ PTH traded up $1.19 during trading hours on Friday, hitting $41.54. 16,664 shares of the company traded hands, compared to its average volume of 14,161. The business’s 50-day moving average is $41.96 and its 200-day moving average is $44.28. The stock has a market capitalization of $122.54 million, a price-to-earnings ratio of 10.17 and a beta of 0.85. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $38.46 and a twelve month high of $48.63.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 105.1% in 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 during the last quarter. Global Retirement Partners LLC grew its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 366.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,287 shares of the company’s stock valued at $52,000 after buying an additional 1,011 shares in the last quarter. BNP Paribas bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth $84,000. Focus Partners Wealth acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter worth $200,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at about $220,000.

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.