Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 67,938 shares, a growth of 819.0% from the July 15th total of 7,393 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average trading volume of 30,569 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Health Care ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased its position in shares of Invesco S&P SmallCap Health Care ETF by 79.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 676 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF during the 1st quarter worth approximately $49,000. Wiser Advisor Group LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF in the 3rd quarter valued at $76,000. Osaic Holdings Inc. increased its position in Invesco S&P SmallCap Health Care ETF by 6.4% during the fourth quarter. Osaic Holdings Inc. now owns 6,376 shares of the company’s stock worth $281,000 after purchasing an additional 384 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Invesco S&P SmallCap Health Care ETF in the 2nd quarter valued at approximately $312,000.

Invesco S&P SmallCap Health Care ETF Trading Down 0.1%

Shares of NASDAQ PSCH traded down $0.05 during trading on Thursday, reaching $55.18. 1,247 shares of the company traded hands, compared to its average volume of 19,458. The stock has a market cap of $168.85 million, a P/E ratio of 21.94 and a beta of 0.83. Invesco S&P SmallCap Health Care ETF has a 12-month low of $39.08 and a 12-month high of $55.67. The firm’s fifty day simple moving average is $51.85 and its 200 day simple moving average is $46.24.

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.