Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Decreases By 34.5%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 25,004 shares, a decrease of 34.5% from the April 15th total of 38,159 shares. Based on an average daily trading volume, of 7,661 shares, the short-interest ratio is currently 3.3 days. Approximately 0.9% of the company’s shares are short sold.

Invesco S&P SmallCap Health Care ETF Price Performance

Invesco S&P SmallCap Health Care ETF stock opened at $44.65 on Wednesday. The firm has a 50 day simple moving average of $42.67 and a 200-day simple moving average of $43.63. Invesco S&P SmallCap Health Care ETF has a 1-year low of $37.45 and a 1-year high of $46.58. The stock has a market cap of $129.04 million, a price-to-earnings ratio of 21.94 and a beta of 0.88.

Invesco S&P SmallCap Health Care ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0003 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.00 annualized dividend and a dividend yield of 0.0%.

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

A number of hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in shares of Invesco S&P SmallCap Health Care ETF during the 1st quarter worth approximately $49,000. 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. Cetera Investment Advisers boosted its position in shares of Invesco S&P SmallCap Health Care ETF by 28.5% during the 4th quarter. Cetera Investment Advisers now owns 11,149 shares of the company’s stock worth $491,000 after purchasing an additional 2,475 shares during the period. Osaic Holdings Inc. boosted its position in shares of Invesco S&P SmallCap Health Care ETF by 6.4% during the 4th 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 period. Finally, Royal Bank of Canada boosted its position in shares of 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 purchasing an additional 629 shares during the period.

About Invesco S&P SmallCap Health Care ETF

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.