Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,655 shares, a decrease of 57.6% from the May 14th total of 6,261 shares. Based on an average trading volume of 6,345 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF
Several hedge funds have recently modified their holdings of PTH. Royal Bank of Canada lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 197.5% during the fourth quarter. Royal Bank of Canada now owns 70,681 shares of the company’s stock valued at $3,513,000 after buying an additional 46,923 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock valued at $2,342,000 after buying an additional 46,764 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% during the first quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock valued at $1,646,000 after buying an additional 33,135 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 163.9% during the fourth quarter. Wells Fargo & Company MN now owns 35,139 shares of the company’s stock valued at $1,746,000 after buying an additional 21,822 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter valued at about $737,000.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Up 2.0%
NASDAQ:PTH traded up $1.00 during mid-day trading on Friday, reaching $51.65. The company’s stock had a trading volume of 6,164 shares, compared to its average volume of 10,559. The firm has a market capitalization of $123.96 million, a PE ratio of 35.21 and a beta of 0.84. The stock has a fifty day moving average of $51.18 and a 200-day moving average of $50.24. Invesco Dorsey Wright Healthcare Momentum ETF has a 1 year low of $36.84 and a 1 year high of $54.47.
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. 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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