Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Shares Shorted: Short Interest Up 123.4% in October

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 14,281 shares, an increase of 123.4% from the September 30th total of 6,393 shares. Based on an average daily volume of 11,296 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

Invesco S&P SmallCap Health Care ETF Trading Down 1.4%

PSCH traded down $0.78 on Friday, reaching $55.69. The stock had a trading volume of 6,972 shares, compared to its average volume of 20,555. The business’s 50-day moving average price is $53.53 and its two-hundred day moving average price is $48.30. Invesco S&P SmallCap Health Care ETF has a 12-month low of $39.08 and a 12-month high of $56.65. The company has a market cap of $179.32 million, a P/E ratio of 21.94 and a beta of 0.84.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Congress Asset Management Co. purchased a new position in Invesco S&P SmallCap Health Care ETF in the 3rd quarter valued at about $2,376,000. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Health Care ETF during the third quarter worth about $1,341,000. Montecito Bank & Trust purchased a new stake in Invesco S&P SmallCap Health Care ETF during the 3rd quarter valued at about $1,070,000. McGuire Investment Group LLC purchased a new stake in Invesco S&P SmallCap Health Care ETF during the 3rd quarter valued at about $707,000. Finally, NTV Asset Management LLC acquired a new stake in shares of Invesco S&P SmallCap Health Care ETF in the third quarter valued at approximately $341,000.

About Invesco S&P SmallCap Health Care ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for Invesco S&P SmallCap Health Care ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P SmallCap Health Care ETF and related companies with MarketBeat.com's FREE daily email newsletter.