Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 7,743 shares, a growth of 108.6% from the April 15th total of 3,711 shares. Based on an average trading volume of 5,664 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.3% of the shares of the stock are short sold.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance
NASDAQ PTH traded down $1.50 on Friday, reaching $51.09. The company’s stock had a trading volume of 6,900 shares, compared to its average volume of 11,169. The stock has a market cap of $122.62 million, a PE ratio of 35.21 and a beta of 0.85. The firm’s 50 day moving average is $50.06 and its two-hundred day moving average is $49.96. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $35.78 and a twelve month high of $54.47.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at $654,000. Oppenheimer & Co. Inc. bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at about $737,000. Atlas Legacy Advisors LLC bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at about $320,000. PFG Advisors increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 8.2% in the third quarter. PFG Advisors now owns 10,492 shares of the company’s stock worth $462,000 after purchasing an additional 791 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock worth $149,000 after purchasing an additional 261 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. Securities shown to possess the greatest capital appreciation potential are selected by the Index.The Fund invests only in health care sector.
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