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

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCHGet Free Report) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 900 shares, a drop of 77.5% from the January 31st total of 4,000 shares. Based on an average daily trading volume, of 21,800 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Invesco S&P SmallCap Health Care ETF

Several hedge funds have recently added to or reduced their stakes in PSCH. Newbridge Financial Services Group Inc. raised its holdings in Invesco S&P SmallCap Health Care ETF by 162.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 704 shares of the company’s stock valued at $26,000 after acquiring an additional 436 shares in the last quarter. Patriot Investment Management Group Inc. acquired a new stake in Invesco S&P SmallCap Health Care ETF in the fourth quarter valued at approximately $34,000. PNC Financial Services Group Inc. raised its holdings in Invesco S&P SmallCap Health Care ETF by 200.0% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Invesco S&P SmallCap Health Care ETF in the fourth quarter valued at approximately $38,000. Finally, Riggs Asset Managment Co. Inc. increased its stake in Invesco S&P SmallCap Health Care ETF by 200.0% in the third quarter. Riggs Asset Managment Co. Inc. now owns 1,140 shares of the company’s stock valued at $43,000 after purchasing an additional 760 shares during the last quarter.

Invesco S&P SmallCap Health Care ETF Stock Performance

Shares of PSCH traded down $0.68 during mid-day trading on Wednesday, hitting $43.15. 118,794 shares of the company’s stock were exchanged, compared to its average volume of 25,497. The company has a market cap of $229.13 million, a price-to-earnings ratio of 30.42 and a beta of 1.00. Invesco S&P SmallCap Health Care ETF has a fifty-two week low of $34.71 and a fifty-two week high of $46.17. The stock’s 50-day moving average is $42.28 and its 200-day moving average is $39.60.

Invesco S&P SmallCap Health Care ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 19th were given a dividend of $0.0045 per share. The ex-dividend date was Monday, December 18th. This represents a $0.02 annualized dividend and a dividend yield of 0.04%.

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.

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