Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Declines By 32.4%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 38,159 shares, a drop of 32.4% from the March 31st total of 56,446 shares. Based on an average daily volume of 19,996 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.3% of the company’s stock are short sold.

Invesco S&P SmallCap Health Care ETF Trading Up 1.5%

NASDAQ PSCH traded up $0.66 during mid-day trading on Thursday, hitting $44.61. The company’s stock had a trading volume of 13,070 shares, compared to its average volume of 16,876. The company’s 50 day simple moving average is $42.18 and its 200 day simple moving average is $43.40. Invesco S&P SmallCap Health Care ETF has a twelve month low of $37.45 and a twelve month high of $46.58. The firm has a market capitalization of $128.92 million, a price-to-earnings ratio of 21.94 and a beta of 0.86.

Invesco S&P SmallCap Health Care ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.0003 per share. This represents a $0.00 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco S&P SmallCap Health Care ETF

A number of hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted 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. Royal Bank of Canada increased its position in shares of 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 buying an additional 374 shares during the period. Osaic Holdings Inc. increased its position in shares of 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 valued at $281,000 after buying an additional 384 shares during the period. G&S Capital LLC increased its position in shares of 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 valued at $3,260,000 after buying an additional 582 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Invesco S&P SmallCap Health Care ETF by 4.7% during the third quarter. Bank of America Corp DE now owns 25,983 shares of the company’s stock worth $1,081,000 after purchasing an additional 1,157 shares in 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.