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 significant growth in short interest in 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. Based on an average daily trading volume, of 30,569 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.2% of the company’s stock are sold short.

Invesco S&P SmallCap Health Care ETF Stock Down 0.4%

NASDAQ:PSCH traded down $0.21 during trading hours on Tuesday, reaching $55.09. 15,779 shares of the stock were exchanged, compared to its average volume of 19,656. The firm has a 50 day simple moving average of $51.64 and a 200-day simple moving average of $46.17. Invesco S&P SmallCap Health Care ETF has a 52 week low of $38.61 and a 52 week high of $55.67. The stock has a market capitalization of $168.58 million, a P/E ratio of 21.94 and a beta of 0.83.

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

Large investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its holdings in 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 worth $30,000 after purchasing an additional 300 shares during the period. Western Wealth Management LLC bought a new position in shares of Invesco S&P SmallCap Health Care ETF in the 1st quarter worth about $49,000. Wiser Advisor Group LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF in the 3rd quarter valued at about $76,000. Osaic Holdings Inc. boosted its holdings in shares of Invesco S&P SmallCap Health Care ETF by 6.4% in the 4th quarter. Osaic Holdings Inc. now owns 6,376 shares of the company’s stock valued at $281,000 after buying an additional 384 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF during the 2nd quarter valued at about $312,000.

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.