Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 560 shares, a growth of 81.8% from the May 14th total of 308 shares. Based on an average daily trading volume, of 1,337 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.
Invesco S&P SmallCap Materials ETF Stock Down 1.6%
NASDAQ:PSCM opened at $105.68 on Wednesday. The company has a fifty day moving average of $103.98 and a 200 day moving average of $96.30. Invesco S&P SmallCap Materials ETF has a 52 week low of $66.90 and a 52 week high of $110.02. The firm has a market capitalization of $21.14 million, a P/E ratio of 17.06 and a beta of 1.01.
Invesco S&P SmallCap Materials ETF Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, March 23rd.
Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF
About Invesco S&P SmallCap Materials ETF
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.
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