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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,432 shares, a decrease of 73.6% from the August 31st total of 24,332 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 20,659 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap Health Care ETF Stock Up 1.0%

Shares of PSCH traded up $0.53 during mid-day trading on Monday, reaching $53.32. 7,613 shares of the company’s stock were exchanged, compared to its average volume of 19,807. The company has a 50-day simple moving average of $54.13 and a two-hundred day simple moving average of $48.70. Invesco S&P SmallCap Health Care ETF has a 52-week low of $39.08 and a 52-week high of $56.45. The company has a market cap of $184.49 million, a price-to-earnings ratio of 21.94 and a beta of 0.84.

Institutional Trading of Invesco S&P SmallCap Health Care ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Health Care ETF in the first quarter valued at $1,120,000. Wealthcare Advisory Partners LLC acquired a new stake in Invesco S&P SmallCap Health Care ETF in the 2nd quarter worth about $330,000. NewEdge Advisors LLC grew its holdings in Invesco S&P SmallCap Health Care ETF by 828.5% in the 2nd quarter. NewEdge Advisors LLC now owns 3,714 shares of the company’s stock valued at $195,000 after buying an additional 3,314 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF in the 1st quarter valued at about $49,000.

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.