Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Declines By 67.1%

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

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

Shares of Invesco S&P SmallCap Health Care ETF stock opened at $55.64 on Thursday. Invesco S&P SmallCap Health Care ETF has a 12 month low of $39.08 and a 12 month high of $56.45. The stock has a market cap of $170.26 million, a PE ratio of 21.94 and a beta of 0.83. The business has a fifty day simple moving average of $53.51 and a 200-day simple moving average of $47.02.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSCH. O Shaughnessy Asset Management LLC lifted 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 worth $30,000 after buying an additional 300 shares during the last quarter. Western Wealth Management LLC acquired a new position in Invesco S&P SmallCap Health Care ETF during the first quarter valued at approximately $49,000. Wiser Advisor Group LLC bought a new position in shares of Invesco S&P SmallCap Health Care ETF in the third quarter valued at approximately $76,000. Wealthcare Advisory Partners LLC bought a new position in shares of Invesco S&P SmallCap Health Care ETF in the second quarter valued at approximately $330,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Invesco S&P SmallCap Health Care ETF by 6.4% in the fourth quarter. Osaic Holdings Inc. now owns 6,376 shares of the company’s stock worth $281,000 after buying an additional 384 shares during the last quarter.

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.