VanEck Vectors Pharmaceutical ETF (NASDAQ:PPH) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totalling 226,800 shares, a drop of 63.9% from the October 15th total of 628,600 shares. Based on an average daily volume of 70,500 shares, the days-to-cover ratio is presently 3.2 days.
NASDAQ PPH traded down $0.34 on Tuesday, hitting $65.00. 200 shares of the stock were exchanged, compared to its average volume of 63,476. The stock has a fifty day moving average price of $62.45 and a two-hundred day moving average price of $62.54. VanEck Vectors Pharmaceutical ETF has a 52-week low of $46.90 and a 52-week high of $68.02.
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