Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Sees Large Growth in Short Interest

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 49,737 shares, an increase of 252.0% from the February 12th total of 14,128 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 15,381 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily volume of 15,381 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.5% of the company’s stock are short sold.

Invesco S&P SmallCap Health Care ETF Stock Performance

NASDAQ PSCH opened at $41.39 on Wednesday. The stock has a market cap of $136.59 million, a price-to-earnings ratio of 21.94 and a beta of 0.91. The business has a 50 day simple moving average of $43.84 and a 200 day simple moving average of $43.27. Invesco S&P SmallCap Health Care ETF has a 52-week low of $36.69 and a 52-week high of $46.58.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in PSCH. Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P SmallCap Health Care ETF by 83,257.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,534 shares of the company’s stock valued at $5,179,000 after acquiring an additional 117,393 shares in the last quarter. G&S Capital LLC bought a new position in Invesco S&P SmallCap Health Care ETF during the 3rd quarter worth about $3,054,000. Harbor Capital Advisors Inc. acquired a new stake in Invesco S&P SmallCap Health Care ETF in the 4th quarter valued at approximately $1,692,000. Hohimer Wealth Management LLC bought a new stake in Invesco S&P SmallCap Health Care ETF in the 4th quarter valued at approximately $1,048,000. Finally, Montecito Bank & Trust bought a new stake in Invesco S&P SmallCap Health Care ETF in the 3rd quarter valued at approximately $925,000.

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.