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 target of a large growth in short interest in the month of 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 short-interest ratio is currently 0.7 days.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Invesco Dorsey Wright Healthcare Momentum ETF stock traded up $0.02 during trading hours on Tuesday, reaching $40.09. The company had a trading volume of 21,695 shares, compared to its average volume of 14,108. The company has a 50-day moving average price of $41.94 and a 200 day moving average price of $44.22. The firm has a market cap of $118.25 million, a price-to-earnings ratio of 10.17 and a beta of 0.85. Invesco Dorsey Wright Healthcare Momentum ETF has a 12-month low of $38.46 and a 12-month high of $48.63.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of large investors have recently bought and sold shares of PTH. IHT Wealth Management LLC increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 61.7% in the 3rd quarter. IHT Wealth Management LLC now owns 93,419 shares of the company’s stock worth $4,329,000 after purchasing an additional 35,650 shares during the period. Jaffetilchin Investment Partners LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at approximately $911,000. Raymond James Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at approximately $700,000. Citadel Advisors LLC increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 169.8% during the fourth quarter. Citadel Advisors LLC now owns 19,585 shares of the company’s stock valued at $784,000 after buying an additional 12,327 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at approximately $220,000.

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.