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 target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 14,281 shares, an increase of 123.4% from the September 30th total of 6,393 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 11,296 shares, the short-interest ratio is presently 1.3 days.

Invesco S&P SmallCap Health Care ETF Price Performance

Invesco S&P SmallCap Health Care ETF stock traded down $0.77 during trading hours on Friday, reaching $55.70. The stock had a trading volume of 5,902 shares, compared to its average volume of 20,543. The company has a market cap of $179.35 million, a price-to-earnings ratio of 21.94 and a beta of 0.84. The business’s 50 day moving average price is $53.52 and its 200-day moving average price is $48.25. Invesco S&P SmallCap Health Care ETF has a 52 week low of $39.08 and a 52 week high of $56.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF during the third quarter valued at about $31,000. Western Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF in the first quarter valued at approximately $49,000. NewEdge Advisors LLC lifted its stake in Invesco S&P SmallCap Health Care ETF by 828.5% during the second quarter. NewEdge Advisors LLC now owns 3,714 shares of the company’s stock worth $195,000 after purchasing an additional 3,314 shares in the last quarter. Meridian Investment Counsel Inc. acquired a new position in Invesco S&P SmallCap Health Care ETF during the third quarter worth $204,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Invesco S&P SmallCap Health Care ETF during the third quarter worth $229,000.

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.