Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Declines By 25.9%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 5,414 shares, a drop of 25.9% from the December 15th total of 7,307 shares. Based on an average trading volume of 10,739 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 10,739 shares, the days-to-cover ratio is currently 0.5 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC purchased a new position in Invesco S&P SmallCap Health Care ETF during the third quarter worth $76,000. Park Avenue Securities LLC purchased a new stake in shares of Invesco S&P SmallCap Health Care ETF in the third quarter valued at $212,000. Flow Traders U.S. LLC acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF during the second quarter valued at $312,000. Jones Financial Companies Lllp increased its position in Invesco S&P SmallCap Health Care ETF by 18.1% during the 1st quarter. Jones Financial Companies Lllp now owns 15,788 shares of the company’s stock worth $683,000 after purchasing an additional 2,419 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Invesco S&P SmallCap Health Care ETF during the 3rd quarter worth about $749,000.

Invesco S&P SmallCap Health Care ETF Price Performance

Shares of NASDAQ PSCH traded down $0.38 on Friday, hitting $44.67. The company’s stock had a trading volume of 7,183 shares, compared to its average volume of 9,380. Invesco S&P SmallCap Health Care ETF has a 12-month low of $36.69 and a 12-month high of $49.00. The company has a market capitalization of $148.30 million, a price-to-earnings ratio of 21.94 and a beta of 0.91. The stock has a 50 day moving average of $44.79 and a 200-day moving average of $42.18.

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.