Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Up 106.0% in June

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,528 shares, an increase of 106.0% from the June 15th total of 1,227 shares. Based on an average daily volume of 1,376 shares, the short-interest ratio is presently 1.8 days. Approximately 0.6% of the company’s shares are sold short.

Invesco S&P SmallCap Financials ETF Price Performance

PSCF traded down $0.64 during midday trading on Friday, reaching $67.36. 2,057 shares of the company’s stock traded hands, compared to its average volume of 3,863. The firm has a fifty day moving average of $63.19 and a two-hundred day moving average of $60.70. The stock has a market capitalization of $27.62 million, a price-to-earnings ratio of 15.25 and a beta of 0.93. Invesco S&P SmallCap Financials ETF has a 52 week low of $53.10 and a 52 week high of $68.06.

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Invesco S&P SmallCap Financials ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.3128 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.25 annualized dividend and a dividend yield of 1.9%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Financials ETF in the first quarter valued at $2,293,000. Hohimer Wealth Management LLC purchased a new position in Invesco S&P SmallCap Financials ETF during the 4th quarter valued at $661,000. Harbor Capital Advisors Inc. raised its holdings in Invesco S&P SmallCap Financials ETF by 4.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock worth $1,889,000 after purchasing an additional 1,545 shares in the last quarter. Virtu Financial LLC raised its holdings in Invesco S&P SmallCap Financials ETF by 21.6% in the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after purchasing an additional 1,229 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after purchasing an additional 1,263 shares in the last quarter.

About Invesco S&P SmallCap Financials ETF

(Get Free Report)

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. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).

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