Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Short Interest Update

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 67,938 shares, an increase of 819.0% from the July 15th total of 7,393 shares. Based on an average daily volume of 30,569 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.2% of the company’s stock are sold short.

Invesco S&P SmallCap Health Care ETF Trading Down 0.4%

PSCH stock traded down $0.21 during midday trading on Tuesday, hitting $55.09. 15,779 shares of the company’s stock were exchanged, compared to its average volume of 19,656. The firm has a 50 day moving average price of $51.64 and a 200-day moving average price of $46.17. Invesco S&P SmallCap Health Care ETF has a 12-month low of $38.61 and a 12-month high of $55.67. The stock has a market capitalization of $168.58 million, a price-to-earnings ratio of 21.94 and a beta of 0.83.

Institutional Trading of Invesco S&P SmallCap Health Care ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in 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 acquiring an additional 117,393 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF in the 1st quarter worth about $1,120,000. Hohimer Wealth Management LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF in the 4th quarter worth about $1,048,000. Susquehanna International Group LLP acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF in the 3rd quarter valued at about $749,000. Finally, IHT Wealth Management LLC raised its stake in shares of Invesco S&P SmallCap Health Care ETF by 72.4% in the 2nd quarter. IHT Wealth Management LLC now owns 24,569 shares of the company’s stock valued at $984,000 after purchasing an additional 10,315 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.