Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Decreases By 84.1%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,307 shares, a drop of 84.1% from the November 30th total of 46,073 shares. Based on an average daily volume of 8,162 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 8,162 shares, the short-interest ratio is presently 0.9 days.

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

A number of hedge funds have recently made changes to their positions in the stock. Wiser Advisor Group LLC acquired a new position in Invesco S&P SmallCap Health Care ETF during the 3rd quarter worth approximately $76,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P SmallCap Health Care ETF by 1,752.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,612 shares of the company’s stock worth $113,000 after buying an additional 2,471 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF during the third quarter worth $212,000. Flow Traders U.S. LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF during the second quarter worth $312,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco S&P SmallCap Health Care ETF by 18.1% in 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 during the last quarter.

Invesco S&P SmallCap Health Care ETF Price Performance

Shares of PSCH stock traded down $0.05 on Friday, hitting $46.16. 3,718 shares of the company’s stock were exchanged, compared to its average volume of 12,205. The company has a 50 day moving average of $43.99 and a 200 day moving average of $41.65. The stock has a market cap of $154.18 million, a P/E ratio of 21.94 and a beta of 0.91. Invesco S&P SmallCap Health Care ETF has a 12 month low of $36.69 and a 12 month high of $49.00.

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.