Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 46,767 shares, a growth of 212.0% from the September 30th total of 14,990 shares. Based on an average trading volume of 30,172 shares, the short-interest ratio is currently 1.6 days. Currently, 1.0% of the company’s shares are sold short.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance
NASDAQ:PTH opened at $59.78 on Friday. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $46.09 and a fifty-two week high of $64.10. The company has a 50 day simple moving average of $60.42 and a two-hundred day simple moving average of $54.58. The company has a market capitalization of $291.73 million, a PE ratio of 35.21 and a beta of 0.81.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% during the 1st quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock worth $1,646,000 after buying an additional 33,135 shares during the period. WealthBridge Capital Management LLC increased its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 37.4% during the third quarter. WealthBridge Capital Management LLC now owns 50,787 shares of the company’s stock worth $3,086,000 after acquiring an additional 13,831 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter worth approximately $7,477,000. Outlook Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter worth $1,403,000. Finally, Western Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter worth $84,000.
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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