The number of short positions in the Invesco S&P SmallCap Health Care ETF (NASDAQ: PSCH) dropped significantly in December. As of December 15, there were 2,700 shares available for short sale, down 40.0% from the 4,500 shares available for short sale on November 30. Based on an average daily trading volume of 8,500 shares, the coverage days ratio is currently 0.3 days at the time of this writing. Using the data, we were able to reach this conclusion.
Several hedge funds and other institutional investors have been very active in the market in recent weeks, buying and selling shares in the company under discussion. His holding percentage of the Invesco S&P Small Cap Healthcare ETF held by Cambridge Investment Research Advisors increased by 481.4% in his first three months of 2018. It was valued at $4,731,000 after purchasing an additional 24,338 shares in the most recent quarter. WBI Investments, Inc. invested in his Invesco S&P SmallCap Health Care ETF worth a total of $2,904,000 in the second quarter of 2018. In the second quarter, McGuire Investment Group LLC made a new investment by purchasing shares in Invesco S&P SmallCap. Healthcare ETFs totaling $2,049,000. This was done to diversify the company’s holdings. In the second quarter, Flow Traders US LLC increased its percentage of stake allocated to the Invesco S&P SmallCap Health Care ETF by 850%. Flow Traders US LLC has total ownership of the company worth 18,804 shares after purchasing an additional 8,640 shares in the most recent quarter, valued at $2,573,000. Finally, in the first three months of 2018, Magnus Financial Group LLC put his $1,012,000 into his Invesco S&P SmallCap Health Care ETF.
PSCH’s share price hit a new high at lunchtime on Thursday, rising $3.15 to $132.04, setting a new record. His 5,272 transactions involving the company’s stock resulted in an average of 7,478 transactions recorded. His 5,272 trades involving the company’s stock occurred, with an average trading volume of 7,478 for him. The company’s average price over the last 50 days is $135.62 and over the last 200 days is $138.98. A simple moving average is calculated using the last 50 days. Over the past 12 months, the Invesco S&P Small Cap Healthcare ETF price has fluctuated between a low of $125.73 and a high of $182.51.
The PowerShares S&P SmallCap Health Care Portfolio (Fund) is intended to achieve investment results generally consistent with the price and yield performance of the S&P SmallCap 600 Capped HealthCare Index. This is the fund’s goal. This is the primary goal of the Fund’s investment strategy (the underlying index). The underlying index is composed of common stocks issued by American healthcare providers and pharmaceutical companies.