Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Grows By 183.9%
by Renee Jackson · The Cerbat GemInvesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 3,711 shares, a growth of 183.9% from the March 31st total of 1,307 shares. Based on an average daily volume of 7,787 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance
NASDAQ PTH traded down $0.18 during trading hours on Friday, hitting $52.13. 6,092 shares of the company traded hands, compared to its average volume of 10,787. The business’s 50-day moving average is $49.47 and its 200-day moving average is $49.46. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $35.78 and a twelve month high of $54.47. The stock has a market capitalization of $125.11 million, a price-to-earnings ratio of 35.21 and a beta of 0.87.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at approximately $39,000. Godfrey Financial Associates Inc. bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at approximately $45,000. Sound Income Strategies LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at approximately $49,000. Sankala Group LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at approximately $77,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at approximately $86,000.
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.