Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 14,990 shares, a decrease of 39.8% from the September 15th total of 24,887 shares. Based on an average daily trading volume, of 45,341 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.
Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 3.6%
PTH traded down $2.07 during trading hours on Friday, hitting $55.98. The company’s stock had a trading volume of 49,667 shares, compared to its average volume of 29,526. Invesco Dorsey Wright Healthcare Momentum ETF has a fifty-two week low of $45.45 and a fifty-two week high of $64.10. The firm has a market capitalization of $273.75 million, a PE ratio of 35.21 and a beta of 0.81. The company has a 50-day simple moving average of $60.82 and a 200 day simple moving average of $56.41.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% in the first quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock worth $1,646,000 after purchasing an additional 33,135 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at $310,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at $247,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the second quarter valued at $217,000. Finally, Western Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the first quarter valued at $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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