Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Short Interest Update

by · The Markets Daily

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 14,534 shares, a decline of 73.4% from the August 15th total of 54,678 shares. Based on an average daily trading volume, of 25,280 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several hedge funds have recently made changes to their positions in PTH. Northwestern Mutual Wealth Management Co. increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock valued at $2,342,000 after acquiring an additional 46,764 shares during the period. NewEdge Advisors LLC lifted its position in 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 acquiring an additional 33,135 shares during the period. Jones Financial Companies Lllp lifted its position in Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% during the 1st quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock worth $580,000 after acquiring an additional 13,488 shares during the period. Royal Bank of Canada grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 39.6% in the 1st quarter. Royal Bank of Canada now owns 13,153 shares of the company’s stock valued at $519,000 after purchasing an additional 3,730 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at approximately $362,000.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Shares of PTH traded up $0.19 during mid-day trading on Friday, reaching $60.77. 17,094 shares of the company’s stock were exchanged, compared to its average volume of 28,040. The business’s fifty day simple moving average is $60.41 and its 200-day simple moving average is $54.36. The stock has a market capitalization of $240.65 million, a PE ratio of 35.21 and a beta of 0.81. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $39.36 and a 52-week high of $64.10.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

(Get Free Report)

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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