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

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Montecito Bank & Trust purchased a new position in Invesco S&P SmallCap Health Care ETF in the third quarter worth about $925,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P SmallCap Health Care ETF by 1,752.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,612 shares of the company’s stock worth $113,000 after acquiring an additional 2,471 shares during the last quarter. G&S Capital LLC bought a new position in Invesco S&P SmallCap Health Care ETF in the 3rd quarter valued at approximately $3,054,000. Park Avenue Securities LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF during the 3rd quarter valued at $212,000. Finally, Wiser Advisor Group LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF during the 3rd quarter valued at $76,000.

Invesco S&P SmallCap Health Care ETF Stock Performance

Shares of PSCH stock traded up $0.20 on Wednesday, hitting $46.19. 1,975 shares of the company’s stock traded hands, compared to its average volume of 12,240. The stock has a market capitalization of $154.27 million, a price-to-earnings ratio of 21.94 and a beta of 0.91. Invesco S&P SmallCap Health Care ETF has a one year low of $36.69 and a one year high of $49.00. The company’s fifty day simple moving average is $43.83 and its 200 day simple moving average is $41.58.

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.