Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,300 shares, an increase of 1,200.0% from the September 15th total of 100 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 2.6 days.

Invesco S&P SmallCap Materials ETF Stock Performance

Shares of Invesco S&P SmallCap Materials ETF stock opened at $76.83 on Friday. The firm has a market cap of $12.29 million, a PE ratio of 17.06 and a beta of 1.29. The firm’s 50-day simple moving average is $77.23 and its 200-day simple moving average is $70.91. Invesco S&P SmallCap Materials ETF has a 1 year low of $55.33 and a 1 year high of $86.48.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.2208 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 22nd.

Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the 2nd quarter valued at about $53,000. Kessler Investment Group LLC grew its position in shares of Invesco S&P SmallCap Materials ETF by 19.2% during the 1st quarter. Kessler Investment Group LLC now owns 1,103 shares of the company’s stock valued at $74,000 after buying an additional 178 shares during the last quarter. Signet Financial Management LLC grew its position in shares of Invesco S&P SmallCap Materials ETF by 4.5% during the 2nd quarter. Signet Financial Management LLC now owns 4,786 shares of the company’s stock valued at $329,000 after buying an additional 205 shares during the last quarter. Finally, Virtu Financial LLC grew its position in shares of Invesco S&P SmallCap Materials ETF by 17.6% during the 1st quarter. Virtu Financial LLC now owns 13,764 shares of the company’s stock valued at $919,000 after buying an additional 2,062 shares during the last quarter.

Invesco S&P SmallCap Materials ETF Company Profile

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.