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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 10,450 shares, an increase of 93.0% from the December 31st total of 5,414 shares. Based on an average daily volume of 9,465 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 9,465 shares, the days-to-cover ratio is presently 1.1 days.

Invesco S&P SmallCap Health Care ETF Stock Down 0.5%

Invesco S&P SmallCap Health Care ETF stock traded down $0.24 during mid-day trading on Friday, reaching $44.21. 24,300 shares of the company’s stock traded hands, compared to its average volume of 11,450. Invesco S&P SmallCap Health Care ETF has a 12-month low of $36.69 and a 12-month high of $49.00. The stock has a 50 day moving average of $45.29 and a two-hundred day moving average of $42.48. The company has a market cap of $146.78 million, a price-to-earnings ratio of 21.94 and a beta of 0.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSCH. Royal Bank of Canada raised its position in 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 valued at $1,067,000 after purchasing an additional 374 shares during the period. Jones Financial Companies Lllp increased its position in shares of Invesco S&P SmallCap Health Care ETF by 18.1% during the 1st quarter. Jones Financial Companies Lllp now owns 15,788 shares of the company’s stock valued at $683,000 after purchasing an additional 2,419 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF during the 2nd quarter valued at $312,000. IHT Wealth Management LLC lifted its position in Invesco S&P SmallCap Health Care ETF by 72.4% in the second quarter. IHT Wealth Management LLC now owns 24,569 shares of the company’s stock worth $984,000 after buying an additional 10,315 shares during the last quarter. Finally, Montecito Bank & Trust bought a new stake in Invesco S&P SmallCap Health Care ETF in the third quarter worth $925,000.

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.