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 large increase in short interest in 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 stock are short sold. Based on an average trading volume of 11,296 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Invesco S&P SmallCap Health Care ETF

A number of hedge funds have recently added to or reduced their stakes in PSCH. Park Avenue Securities LLC purchased a new position in Invesco S&P SmallCap Health Care ETF in the third quarter valued at about $229,000. McGuire Investment Group LLC acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF in the third quarter valued at about $707,000. NTV Asset Management LLC purchased a new stake in shares of Invesco S&P SmallCap Health Care ETF during the 3rd quarter valued at about $341,000. Meridian Investment Counsel Inc. purchased a new stake in shares of Invesco S&P SmallCap Health Care ETF during the 3rd quarter valued at about $204,000. Finally, Farther Finance Advisors LLC acquired a new position in Invesco S&P SmallCap Health Care ETF during the 3rd quarter worth approximately $31,000.

Invesco S&P SmallCap Health Care ETF Stock Performance

Invesco S&P SmallCap Health Care ETF stock traded down $0.77 during midday trading on Friday, hitting $55.70. 5,902 shares of the company’s stock were exchanged, compared to its average volume of 20,543. The stock has a market cap of $179.35 million, a price-to-earnings ratio of 21.94 and a beta of 0.84. Invesco S&P SmallCap Health Care ETF has a 12-month low of $39.08 and a 12-month high of $56.65. The firm’s 50 day simple moving average is $53.52 and its 200 day simple moving average is $48.25.

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.