Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Stock Short Interest Report for October

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 14,281 shares, a growth of 123.4% from the September 30th total of 6,393 shares. Based on an average daily trading volume, of 11,296 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the shares of the stock are short sold.

Invesco S&P SmallCap Health Care ETF Stock Performance

PSCH stock traded down $0.78 on Friday, reaching $55.69. The company had a trading volume of 6,972 shares, compared to its average volume of 20,555. The company’s fifty day moving average is $53.53 and its 200 day moving average is $48.30. The company has a market cap of $179.32 million, a P/E ratio of 21.94 and a beta of 0.84. Invesco S&P SmallCap Health Care ETF has a 1 year low of $39.08 and a 1 year high of $56.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF in the third quarter valued at about $2,376,000. Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Health Care ETF during the first quarter valued at $1,120,000. Montecito Bank & Trust acquired a new stake in Invesco S&P SmallCap Health Care ETF during the third quarter worth about $1,070,000. McGuire Investment Group LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF in the 3rd quarter worth approximately $707,000. Finally, NTV Asset Management LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF during the third quarter valued at $341,000.

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.