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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the target of 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. Based on an average daily volume of 15,381 shares, the short-interest ratio is presently 3.2 days. Approximately 1.5% of the company’s shares are sold short. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 15,381 shares, the short-interest ratio is presently 3.2 days.

Invesco S&P SmallCap Health Care ETF Stock Performance

NASDAQ:PSCH opened at $41.39 on Wednesday. Invesco S&P SmallCap Health Care ETF has a 1-year low of $36.69 and a 1-year high of $46.58. The firm has a market capitalization of $136.59 million, a price-to-earnings ratio of 21.94 and a beta of 0.91. The business’s 50-day moving average price is $43.84 and its two-hundred day moving average price is $43.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in Invesco S&P SmallCap Health Care ETF by 79.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 676 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Invesco S&P SmallCap Health Care ETF by 1.5% during the first quarter. Royal Bank of Canada now owns 24,666 shares of the company’s stock worth $1,067,000 after purchasing an additional 374 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Invesco S&P SmallCap Health Care ETF by 6.4% in the 4th quarter. Osaic Holdings Inc. now owns 6,376 shares of the company’s stock valued at $281,000 after buying an additional 384 shares during the period. G&S Capital LLC grew its holdings in shares of Invesco S&P SmallCap Health Care ETF by 0.8% in the 4th quarter. G&S Capital LLC now owns 73,996 shares of the company’s stock valued at $3,260,000 after buying an additional 582 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Invesco S&P SmallCap Health Care ETF by 4.7% in the 3rd quarter. Bank of America Corp DE now owns 25,983 shares of the company’s stock valued at $1,081,000 after buying an additional 1,157 shares in the last quarter.

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.