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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 6,432 shares, a decline of 73.6% from the August 31st total of 24,332 shares. Based on an average daily trading volume, of 20,659 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Invesco S&P SmallCap Health Care ETF Price Performance

PSCH stock opened at $52.88 on Friday. Invesco S&P SmallCap Health Care ETF has a 12 month low of $39.08 and a 12 month high of $56.45. The company has a market capitalization of $183.49 million, a PE ratio of 21.94 and a beta of 0.84. The firm’s 50-day moving average is $54.13 and its 200 day moving average is $48.65.

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

A number of hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF in the 1st quarter worth $49,000. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Health Care ETF by 828.5% during the second quarter. NewEdge Advisors LLC now owns 3,714 shares of the company’s stock worth $195,000 after buying an additional 3,314 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF in the 2nd quarter valued at $330,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF in the first quarter valued at approximately $1,120,000.

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.