Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the recipient of a significant growth in short interest in the month of May. As of May 28th, there was short interest totalling 11,300 shares, a growth of 841.7% from the May 13th total of 1,200 shares. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 0.7 days.

Several institutional investors have recently added to or reduced their stakes in PSCI. Morgan Stanley increased its holdings in Invesco S&P SmallCap Industrials ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 111,365 shares of the company’s stock valued at $8,879,000 after buying an additional 8,108 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P SmallCap Industrials ETF during the 1st quarter worth about $223,000. Oppenheimer & Co. Inc. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF in the 1st quarter valued at about $475,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF during the 1st quarter worth about $56,000. Finally, UBS Group AG lifted its stake in Invesco S&P SmallCap Industrials ETF by 5.8% during the first quarter. UBS Group AG now owns 110,367 shares of the company’s stock worth $10,352,000 after purchasing an additional 6,075 shares during the last quarter.

NASDAQ:PSCI traded down $1.51 during mid-day trading on Friday, hitting $93.54. The stock had a trading volume of 5,853 shares, compared to its average volume of 12,207. Invesco S&P SmallCap Industrials ETF has a twelve month low of $54.72 and a twelve month high of $99.24. The firm’s 50-day simple moving average is $95.12.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Tuesday, March 23rd were issued a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 22nd.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.

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