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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 67,938 shares, a growth of 819.0% from the July 15th total of 7,393 shares. Based on an average daily volume of 30,569 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.2% of the shares of the stock are sold short.

Invesco S&P SmallCap Health Care ETF Trading Down 0.6%

Invesco S&P SmallCap Health Care ETF stock traded down $0.32 during mid-day trading on Wednesday, hitting $54.77. The stock had a trading volume of 1,730 shares, compared to its average volume of 19,537. Invesco S&P SmallCap Health Care ETF has a one year low of $39.08 and a one year high of $55.67. The firm has a market capitalization of $167.60 million, a P/E ratio of 21.94 and a beta of 0.83. The firm’s 50 day moving average is $51.64 and its 200 day moving average is $46.17.

Institutional Trading of Invesco S&P SmallCap Health Care ETF

Several hedge funds have recently bought and sold shares of PSCH. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Health Care ETF during the 1st quarter valued at approximately $1,120,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 worth $5,179,000 after buying an additional 117,393 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position 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 worth $30,000 after acquiring an additional 300 shares in the last quarter. G&S Capital LLC increased its stake in Invesco S&P SmallCap Health Care ETF by 0.8% during the fourth quarter. G&S Capital LLC now owns 73,996 shares of the company’s stock worth $3,260,000 after acquiring an additional 582 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Invesco S&P SmallCap Health Care ETF by 6.4% during the fourth quarter. Osaic Holdings Inc. now owns 6,376 shares of the company’s stock worth $281,000 after acquiring an additional 384 shares during the last quarter.

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.