Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Sees Large Decline in Short Interest

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

Institutional Investors Weigh In On Invesco S&P SmallCap Health Care ETF

A number of institutional investors have recently bought and sold shares of PSCH. Harbor Capital Advisors Inc. acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF during the fourth quarter worth approximately $1,692,000. Wiser Advisor Group LLC purchased a new position in shares of Invesco S&P SmallCap Health Care ETF during the 3rd quarter valued at $76,000. Jones Financial Companies Lllp grew its holdings in shares of Invesco S&P SmallCap Health Care ETF by 18.1% during the 1st quarter. Jones Financial Companies Lllp now owns 15,788 shares of the company’s stock valued at $683,000 after acquiring an additional 2,419 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of Invesco S&P SmallCap Health Care ETF by 72.4% in the second quarter. IHT Wealth Management LLC now owns 24,569 shares of the company’s stock worth $984,000 after acquiring an additional 10,315 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Invesco S&P SmallCap Health Care ETF during the third quarter worth $212,000.

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

Invesco S&P SmallCap Health Care ETF stock traded up $0.46 during midday trading on Monday, hitting $44.72. The company’s stock had a trading volume of 764 shares, compared to its average volume of 16,676. The stock’s 50-day moving average price is $42.56 and its 200-day moving average price is $43.60. The company has a market capitalization of $129.24 million, a PE ratio of 21.94 and a beta of 0.88. Invesco S&P SmallCap Health Care ETF has a 12 month low of $37.45 and a 12 month high of $46.58.

Invesco S&P SmallCap Health Care ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.0003 dividend. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Monday, March 23rd.

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.