Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 14,534 shares, a decrease of 73.4% from the August 15th total of 54,678 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,280 shares, the short-interest ratio is currently 0.6 days.
Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF
Several institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in 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 purchasing an additional 46,764 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter worth approximately $217,000. Western Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 1st quarter worth $84,000. Finally, Fifth Third Bancorp bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the first quarter valued at about $70,000.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance
Shares of NASDAQ:PTH traded up $0.84 during midday trading on Monday, reaching $61.61. The company had a trading volume of 45,422 shares, compared to its average volume of 28,139. Invesco Dorsey Wright Healthcare Momentum ETF has a 1-year low of $39.36 and a 1-year high of $64.10. The company has a fifty day simple moving average of $60.41 and a two-hundred day simple moving average of $54.40. The firm has a market cap of $251.37 million, a price-to-earnings ratio of 35.21 and a beta of 0.81.
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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