Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Up 79.7% in February

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 7,131 shares, an increase of 79.7% from the January 29th total of 3,969 shares. Based on an average daily volume of 7,436 shares, the days-to-cover ratio is presently 1.0 days. Approximately 4.8% of the company’s shares are short sold. Approximately 4.8% of the company’s shares are short sold. Based on an average daily volume of 7,436 shares, the days-to-cover ratio is presently 1.0 days.

Invesco S&P SmallCap Materials ETF Stock Performance

NASDAQ PSCM traded up $0.02 on Friday, reaching $99.14. 2,206 shares of the stock traded hands, compared to its average volume of 4,310. Invesco S&P SmallCap Materials ETF has a 12 month low of $55.33 and a 12 month high of $106.13. The company has a market cap of $14.87 million, a price-to-earnings ratio of 17.06 and a beta of 1.15. The company has a fifty day moving average price of $93.92 and a 200-day moving average price of $83.58.

Invesco S&P SmallCap Materials ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.289 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.22.

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

A number of large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the 2nd quarter worth $53,000. Virtu Financial LLC increased its position in Invesco S&P SmallCap Materials ETF by 13.6% during the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after buying an additional 1,963 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Invesco S&P SmallCap Materials ETF in the third quarter valued at about $243,000. Finally, Jane Street Group LLC purchased a new stake in Invesco S&P SmallCap Materials ETF in the fourth quarter valued at about $226,000.

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. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.