Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Short Interest Update

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 22,318 shares, a decline of 67.1% from the July 30th total of 67,938 shares. Based on an average daily trading volume, of 36,795 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the company’s stock are sold short.

Invesco S&P SmallCap Health Care ETF Trading Down 1.4%

Shares of NASDAQ PSCH traded down $0.79 during midday trading on Friday, reaching $54.65. The company had a trading volume of 6,093 shares, compared to its average volume of 19,685. Invesco S&P SmallCap Health Care ETF has a 1 year low of $39.08 and a 1 year high of $56.45. The stock has a market cap of $167.23 million, a P/E ratio of 21.94 and a beta of 0.83. The business’s 50-day simple moving average is $53.64 and its 200 day simple moving average is $47.11.

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

A number of hedge funds have recently modified their holdings of PSCH. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Invesco S&P SmallCap Health Care ETF during the 1st quarter worth approximately $1,120,000. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco S&P SmallCap Health Care ETF by 83,257.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 117,534 shares of the company’s stock valued at $5,179,000 after acquiring an additional 117,393 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Invesco S&P SmallCap Health Care ETF by 11.5% in the 3rd quarter. Virtu Financial LLC now owns 30,962 shares of the company’s stock valued at $1,288,000 after acquiring an additional 3,189 shares during the period. Royal Bank of Canada lifted its position in Invesco S&P SmallCap Health Care ETF by 2.2% during the 4th quarter. Royal Bank of Canada now owns 29,381 shares of the company’s stock worth $1,295,000 after acquiring an additional 629 shares during the period. Finally, Cordoba Advisory Partners LLC acquired a new position in Invesco S&P SmallCap Health Care ETF during the 4th quarter worth approximately $428,000.

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.