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

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

Invesco S&P SmallCap Health Care ETF Stock Performance

Shares of NASDAQ PSCH traded down $0.04 during mid-day trading on Monday, reaching $52.91. The company’s stock had a trading volume of 17,122 shares, compared to its average volume of 17,597. The stock has a 50-day moving average of $49.44 and a two-hundred day moving average of $45.41. The stock has a market capitalization of $161.38 million, a P/E ratio of 21.94 and a beta of 0.83. Invesco S&P SmallCap Health Care ETF has a 1-year low of $37.45 and a 1-year high of $54.62.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P SmallCap Health Care ETF by 83,257.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 117,534 shares of the company’s stock valued at $5,179,000 after purchasing an additional 117,393 shares in the last quarter. G&S Capital LLC lifted its position in 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 worth $3,260,000 after buying an additional 582 shares in the last quarter. LPL Financial LLC boosted its stake in Invesco S&P SmallCap Health Care ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 53,625 shares of the company’s stock worth $2,362,000 after buying an additional 8,643 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Invesco S&P SmallCap Health Care ETF during the fourth quarter worth $1,692,000. Finally, Virtu Financial LLC grew its holdings in Invesco S&P SmallCap Health Care ETF by 11.5% in the 3rd quarter. Virtu Financial LLC now owns 30,962 shares of the company’s stock valued at $1,288,000 after buying an additional 3,189 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.