Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Declines By 34.5%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 25,004 shares, a decline of 34.5% from the April 15th total of 38,159 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 7,661 shares, the short-interest ratio is presently 3.3 days.

Invesco S&P SmallCap Health Care ETF Stock Up 0.3%

PSCH traded up $0.15 during trading on Tuesday, hitting $44.64. 2,919 shares of the stock were exchanged, compared to its average volume of 16,589. The firm has a market capitalization of $129.01 million, a P/E ratio of 21.94 and a beta of 0.88. Invesco S&P SmallCap Health Care ETF has a 1-year low of $37.45 and a 1-year high of $46.58. The stock has a fifty day moving average price of $42.61 and a two-hundred day moving average price of $43.61.

Invesco S&P SmallCap Health Care ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.0003 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.00 dividend on an annualized basis and a yield of 0.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P SmallCap Health Care ETF by 83,257.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 117,534 shares of the company’s stock worth $5,179,000 after acquiring an additional 117,393 shares during the period. G&S Capital LLC lifted its holdings in Invesco S&P SmallCap Health Care ETF by 0.8% in the fourth quarter. G&S Capital LLC now owns 73,996 shares of the company’s stock valued at $3,260,000 after acquiring an additional 582 shares during the period. LPL Financial LLC lifted its holdings in Invesco S&P SmallCap Health Care ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 53,625 shares of the company’s stock valued at $2,362,000 after acquiring an additional 8,643 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Invesco S&P SmallCap Health Care ETF during the fourth quarter worth about $1,692,000. Finally, Virtu Financial LLC grew its position in Invesco S&P SmallCap Health Care ETF by 11.5% during the third quarter. Virtu Financial LLC now owns 30,962 shares of the company’s stock worth $1,288,000 after buying an additional 3,189 shares during the period.

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.