Short Interest in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Increases By 396.4%

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 83,900 shares, an increase of 396.4% from the September 15th total of 16,900 shares. Based on an average trading volume of 466,300 shares, the days-to-cover ratio is presently 0.2 days.

Shares of PSCE stock opened at $8.09 on Thursday. The company’s 50-day moving average price is $6.90 and its 200-day moving average price is $6.98. Invesco S&P SmallCap Energy ETF has a twelve month low of $2.91 and a twelve month high of $8.45.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Tuesday, September 21st were given a dividend of $0.011 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.00. The ex-dividend date was Monday, September 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.54%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley lifted its position in Invesco S&P SmallCap Energy ETF by 313.6% in the second quarter. Morgan Stanley now owns 2,635,204 shares of the company’s stock valued at $21,161,000 after buying an additional 1,998,007 shares during the last quarter. One One Wealth Management LLC lifted its position in Invesco S&P SmallCap Energy ETF by 686.7% in the second quarter. One One Wealth Management LLC now owns 1,211,741 shares of the company’s stock valued at $9,730,000 after buying an additional 1,057,715 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Invesco S&P SmallCap Energy ETF in the first quarter valued at about $1,556,000. LPL Financial LLC lifted its position in Invesco S&P SmallCap Energy ETF by 20.7% in the second quarter. LPL Financial LLC now owns 184,563 shares of the company’s stock valued at $1,482,000 after buying an additional 31,649 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its position in Invesco S&P SmallCap Energy ETF by 2.3% in the second quarter. DAVENPORT & Co LLC now owns 177,290 shares of the company’s stock valued at $1,424,000 after buying an additional 4,000 shares during the last quarter.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.

See Also: Dividend Yield

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