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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 22,318 shares, a drop of 67.1% from the July 30th total of 67,938 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 36,795 shares, the short-interest ratio is presently 0.6 days.

Invesco S&P SmallCap Health Care ETF Stock Performance

Shares of NASDAQ:PSCH traded down $0.79 during midday trading on Friday, reaching $54.65. 6,093 shares of the company’s stock traded hands, compared to its average volume of 19,685. Invesco S&P SmallCap Health Care ETF has a 1 year low of $39.08 and a 1 year high of $56.45. The company has a market cap of $167.23 million, a P/E ratio of 21.94 and a beta of 0.83. The company has a fifty day simple moving average of $53.77 and a two-hundred day simple moving average of $47.16.

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

Hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Invesco S&P SmallCap Health Care ETF by 79.8% in the fourth 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 raised its stake in Invesco S&P SmallCap Health Care ETF by 1.5% in the 1st 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 last quarter. Osaic Holdings Inc. lifted its holdings in Invesco S&P SmallCap Health Care ETF by 6.4% in the 4th quarter. Osaic Holdings Inc. now owns 6,376 shares of the company’s stock valued at $281,000 after purchasing an additional 384 shares in the last quarter. Bank of America Corp DE lifted its holdings in Invesco S&P SmallCap Health Care ETF by 4.7% in the 3rd quarter. Bank of America Corp DE now owns 25,983 shares of the company’s stock valued at $1,081,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Invesco S&P SmallCap Health Care ETF during the 1st quarter worth $49,000.

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.