Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Drops By 82.3%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 7,393 shares, a decline of 82.3% from the June 30th total of 41,693 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 23,709 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap Health Care ETF Stock Performance

NASDAQ:PSCH traded up $0.07 during trading hours on Friday, hitting $53.03. The stock had a trading volume of 41,503 shares, compared to its average volume of 17,600. The business’s 50 day moving average is $49.44 and its 200-day moving average is $45.41. The company has a market cap of $161.74 million, a price-to-earnings ratio of 21.94 and a beta of 0.83. Invesco S&P SmallCap Health Care ETF has a one year low of $37.45 and a one year high of $54.62.

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

Several institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its holdings in Invesco S&P SmallCap Health Care ETF by 79.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 676 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Invesco S&P SmallCap Health Care ETF during the first quarter valued at $49,000. Wiser Advisor Group LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF during the third quarter worth approximately $76,000. Register Financial Advisors LLC bought a new position in shares of Invesco S&P SmallCap Health Care ETF in the 4th quarter worth $81,000. Finally, Osaic Holdings Inc. grew its position in 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 purchasing an additional 384 shares during the period.

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.