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

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) was the recipient of a large drop in short interest in 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 trading volume of 10,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,433 shares of the company’s stock worth $1,909,000 after purchasing an additional 504 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter worth about $911,000. Cetera Advisors LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter valued at approximately $300,000. Finally, Asset Allocation Strategies LLC raised its holdings 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 worth $284,000 after purchasing an additional 675 shares during the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Up 0.0 %

Invesco Dorsey Wright Healthcare Momentum ETF stock traded up $0.01 during midday trading on Wednesday, hitting $47.13. 15,088 shares of the stock were exchanged, compared to its average volume of 14,731. The company has a fifty day simple moving average of $46.10 and a two-hundred day simple moving average of $44.55. 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 PE ratio of 9.66 and a beta of 0.85.

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.