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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw 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 trading volume of 36,795 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the shares of the company are sold short.

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

NASDAQ PSCH opened at $55.64 on Thursday. The stock’s 50 day moving average is $53.51 and its two-hundred day moving average is $47.02. The company has a market capitalization of $170.26 million, a price-to-earnings ratio of 21.94 and a beta of 0.83. Invesco S&P SmallCap Health Care ETF has a 1-year low of $39.08 and a 1-year high of $56.45.

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

Institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC increased its holdings in Invesco S&P SmallCap Health Care ETF by 79.8% during 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. Royal Bank of Canada boosted its stake in Invesco S&P SmallCap Health Care ETF by 1.5% in the first quarter. Royal Bank of Canada now owns 24,666 shares of the company’s stock valued at $1,067,000 after acquiring an additional 374 shares during the last quarter. Osaic Holdings Inc. boosted its stake in 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 valued at $281,000 after acquiring an additional 384 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Invesco S&P SmallCap Health Care ETF by 4.7% during the 3rd quarter. Bank of America Corp DE now owns 25,983 shares of the company’s stock worth $1,081,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in Invesco S&P SmallCap Health Care ETF in the first quarter valued at approximately $49,000.

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.