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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 10,450 shares, a growth 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 currently 1.1 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 9,465 shares, the days-to-cover ratio is currently 1.1 days.

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

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings 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 worth $1,067,000 after purchasing an additional 374 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Invesco S&P SmallCap Health Care ETF by 18.1% in the 1st quarter. Jones Financial Companies Lllp now owns 15,788 shares of the company’s stock valued at $683,000 after buying an additional 2,419 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF during the second quarter valued at $312,000. IHT Wealth Management LLC boosted its stake in shares of Invesco S&P SmallCap Health Care ETF by 72.4% during the 2nd quarter. IHT Wealth Management LLC now owns 24,569 shares of the company’s stock worth $984,000 after purchasing an additional 10,315 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new stake in Invesco S&P SmallCap Health Care ETF during the third quarter worth approximately $925,000.

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

NASDAQ:PSCH traded down $0.24 during midday trading on Friday, reaching $44.21. The stock had a trading volume of 24,300 shares, compared to its average volume of 11,450. The stock has a market cap of $146.78 million, a P/E ratio of 21.94 and a beta of 0.91. Invesco S&P SmallCap Health Care ETF has a 12-month low of $36.69 and a 12-month high of $49.00. The firm has a fifty day simple moving average of $45.29 and a two-hundred day simple moving average of $42.48.

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.