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

by · The Cerbat Gem

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 25,004 shares, a drop of 34.5% from the April 15th total of 38,159 shares. Based on an average daily trading volume, of 7,661 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Invesco S&P SmallCap Health Care ETF in the fourth quarter valued at approximately $1,692,000. G&S Capital LLC grew its position in shares of Invesco S&P SmallCap Health Care ETF by 0.8% during the 4th quarter. G&S Capital LLC now owns 73,996 shares of the company’s stock worth $3,260,000 after purchasing an additional 582 shares in the last quarter. Register Financial Advisors LLC bought a new position in Invesco S&P SmallCap Health Care ETF during the 4th quarter worth $81,000. Park Avenue Securities LLC increased its position in shares of Invesco S&P SmallCap Health Care ETF by 32.9% in the fourth quarter. Park Avenue Securities LLC now owns 6,783 shares of the company’s stock worth $299,000 after purchasing an additional 1,681 shares during the period. Finally, Wiser Advisor Group LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF in the 3rd quarter valued at approximately $76,000.

Invesco S&P SmallCap Health Care ETF Price Performance

Shares of PSCH traded up $0.46 during mid-day trading on Monday, hitting $44.72. 764 shares of the company’s stock were exchanged, compared to its average volume of 16,676. The company has a 50-day simple moving average of $42.56 and a 200 day simple moving average of $43.60. The company has a market cap of $129.24 million, a PE ratio of 21.94 and a beta of 0.88. Invesco S&P SmallCap Health Care ETF has a 52 week low of $37.45 and a 52 week high of $46.58.

Invesco S&P SmallCap Health Care ETF Announces Dividend

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

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.

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