Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Declines By 60.0%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,000 shares, a drop of 60.0% from the October 15th total of 2,500 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.1 days.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Up 0.0 %

NASDAQ:PTH traded up $0.01 during trading hours on Wednesday, hitting $47.13. The company’s stock had a trading volume of 15,088 shares, compared to its average volume of 14,731. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $31.78 and a 52-week high of $48.63. The stock has a market capitalization of $148.93 million, a P/E ratio of 9.66 and a beta of 0.85. The stock has a fifty day moving average of $46.10 and a 200-day moving average of $44.55.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,433 shares of the company’s stock valued at $1,909,000 after buying an additional 504 shares in the last quarter. Asset Allocation Strategies LLC boosted its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 11.4% during the 2nd quarter. Asset Allocation Strategies LLC now owns 6,597 shares of the company’s stock valued at $284,000 after purchasing an additional 675 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter worth approximately $300,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at approximately $911,000.

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.