Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 11,261 shares, an increase of 279.3% from the June 15th total of 2,969 shares. Based on an average daily trading volume, of 19,517 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PTH. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter worth approximately $39,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $45,000. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $49,000. Fifth Third Bancorp bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at $70,000. Finally, Sankala Group LLC bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $77,000.
Invesco Dorsey Wright Healthcare Momentum ETF Trading Up 1.0%
Shares of NASDAQ PTH traded up $0.60 during mid-day trading on Tuesday, hitting $59.30. The company had a trading volume of 11,827 shares, compared to its average volume of 15,360. The firm has a 50-day simple moving average of $53.67 and a two-hundred day simple moving average of $50.94. The company has a market capitalization of $157.15 million, a PE ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a one year low of $36.84 and a one year high of $61.78.
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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