Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Large Growth in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,300 shares, agrowthof160.0% from the July 15th total of 500 shares. Approximately0.4% of the company’s stock are short sold. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 0.8 days. Approximately0.4% of the company’s stock are short sold.

Invesco S&P SmallCap Financials ETF Stock Performance

Invesco S&P SmallCap Financials ETF stock opened at $56.26 on Friday. The stock’s 50 day moving average price is $54.82 and its 200 day moving average price is $53.45. The firm has a market capitalization of $19.13 million, a PE ratio of 15.25 and a beta of 1.03. Invesco S&P SmallCap Financials ETF has a one year low of $45.14 and a one year high of $62.24.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a dividend of $0.3361 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.34 annualized dividend and a yield of 2.4%.

Hedge Funds Weigh In On Invesco S&P SmallCap Financials ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. acquired a new position in Invesco S&P SmallCap Financials ETF during the 1st quarter worth approximately $503,000. Bank of America Corp DE increased its holdings in Invesco S&P SmallCap Financials ETF by 34.0% during the 4th quarter. Bank of America Corp DE now owns 5,290 shares of the company’s stock worth $293,000 after purchasing an additional 1,341 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Invesco S&P SmallCap Financials ETF during the 4th quarter worth approximately $290,000. Harbor Capital Advisors Inc. increased its holdings in Invesco S&P SmallCap Financials ETF by 285.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 32,299 shares of the company’s stock worth $1,710,000 after purchasing an additional 23,910 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Invesco S&P SmallCap Financials ETF by 13.1% during the 4th quarter. LPL Financial LLC now owns 5,945 shares of the company’s stock worth $329,000 after purchasing an additional 687 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.