Short Interest in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Declines By 57.6%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTHGet Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,655 shares, a decrease of 57.6% from the May 14th total of 6,261 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,345 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $39,000. Godfrey Financial Associates Inc. bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $45,000. Sound Income Strategies LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $49,000. Fifth Third Bancorp bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter valued at approximately $70,000. Finally, Sankala Group LLC bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $77,000.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Up 3.5%

PTH stock opened at $50.65 on Friday. The stock has a market capitalization of $121.56 million, a PE ratio of 35.21 and a beta of 0.84. Invesco Dorsey Wright Healthcare Momentum ETF has a 12-month low of $36.84 and a 12-month high of $54.47. The stock’s 50 day simple moving average is $51.14 and its 200 day simple moving average is $50.23.

About Invesco Dorsey Wright Healthcare Momentum ETF

(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.

Further Reading

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