Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Short Interest Up 409.3% in July

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCEGet Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 30,870 shares, a growth of 409.3% from the July 15th total of 6,061 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 22,714 shares, the days-to-cover ratio is presently 1.4 days.

Invesco S&P SmallCap Energy ETF Stock Performance

Invesco S&P SmallCap Energy ETF stock traded up $0.50 during trading hours on Wednesday, reaching $60.97. 12,646 shares of the company’s stock traded hands, compared to its average volume of 39,099. Invesco S&P SmallCap Energy ETF has a fifty-two week low of $38.51 and a fifty-two week high of $65.02. The firm has a market capitalization of $104.26 million, a price-to-earnings ratio of 9.69 and a beta of 0.73. The firm’s 50 day moving average is $56.99 and its 200-day moving average is $57.54.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.4104 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 22nd.

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

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Invesco S&P SmallCap Energy ETF by 62.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,600 shares of the company’s stock valued at $112,000 after acquiring an additional 1,000 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Invesco S&P SmallCap Energy ETF during the 4th quarter valued at $204,000. Osaic Holdings Inc. lifted its stake in shares of Invesco S&P SmallCap Energy ETF by 47.1% in the 2nd quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after purchasing an additional 1,839 shares during the period. Walkner Condon Financial Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Energy ETF by 15.8% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock valued at $343,000 after purchasing an additional 790 shares during the period. Finally, First Growth Capital LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter worth $375,000.

About Invesco S&P SmallCap Energy ETF

(Get Free Report)

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.

Further Reading

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