Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 14,990 shares, a drop of 39.8% from the September 15th total of 24,887 shares. Based on an average daily volume of 45,341 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.
Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF
A number of hedge funds have recently made changes to their positions in the business. WealthBridge Capital Management LLC boosted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 37.4% during the 3rd 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 during the period. NewEdge Advisors LLC raised its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 7,172.1% in the 1st quarter. NewEdge Advisors LLC now owns 33,597 shares of the company’s stock valued at $1,646,000 after acquiring an additional 33,135 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter valued at $310,000. Sound Income Strategies LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 3rd quarter valued at $247,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the 2nd quarter valued at $217,000.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance
Invesco Dorsey Wright Healthcare Momentum ETF stock opened at $55.90 on Friday. The stock has a 50-day simple moving average of $60.73 and a 200 day simple moving average of $56.40. The stock has a market capitalization of $273.91 million, a P/E ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a 52 week low of $45.45 and a 52 week high of $64.10.
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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