Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Drops By 25.9%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,414 shares, a decrease of 25.9% from the December 15th total of 7,307 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 10,739 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 10,739 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Invesco S&P SmallCap Health Care ETF Trading Down 0.8%

Shares of NASDAQ PSCH traded down $0.38 on Friday, reaching $44.67. 7,183 shares of the company traded hands, compared to its average volume of 9,380. The stock has a market capitalization of $148.30 million, a PE ratio of 21.94 and a beta of 0.91. The company has a 50 day moving average of $44.79 and a 200 day moving average of $42.15. Invesco S&P SmallCap Health Care ETF has a fifty-two week low of $36.69 and a fifty-two week high of $49.00.

Institutional Investors Weigh In On Invesco S&P SmallCap Health Care ETF

A number of hedge funds have recently made changes to their positions in PSCH. Wiser Advisor Group LLC acquired a new position in Invesco S&P SmallCap Health Care ETF during the third quarter worth $76,000. Park Avenue Securities LLC acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF during the 3rd quarter worth about $212,000. Flow Traders U.S. LLC bought a new position in Invesco S&P SmallCap Health Care ETF during the 2nd quarter valued at about $312,000. Jones Financial Companies Lllp boosted its position in Invesco S&P SmallCap Health Care ETF by 18.1% in the first quarter. Jones Financial Companies Lllp now owns 15,788 shares of the company’s stock valued at $683,000 after buying an additional 2,419 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Invesco S&P SmallCap Health Care ETF during the third quarter worth about $749,000.

Invesco S&P SmallCap Health Care ETF Company Profile

PowerShares S&P SmallCap Health Care Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped HealthCare Index (the Underlying Index). The Underlying Index consists of common stocks of the United States healthcare companies. These are companies that are principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities.