Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Drops By 68.0%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 2,922 shares, a drop of 68.0% from the July 15th total of 9,126 shares. Based on an average trading volume of 2,054 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.4% of the shares of the stock are short sold.

Invesco S&P SmallCap Materials ETF Price Performance

PSCM stock traded up $1.49 during midday trading on Friday, reaching $103.46. 13,013 shares of the stock were exchanged, compared to its average volume of 2,920. The stock has a market capitalization of $21.73 million, a PE ratio of 17.06 and a beta of 1.03. Invesco S&P SmallCap Materials ETF has a 52 week low of $72.75 and a 52 week high of $110.02. The company has a fifty day moving average price of $101.04 and a 200 day moving average price of $100.45.

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Invesco S&P SmallCap Materials ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.2677 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.07 annualized dividend and a yield of 1.0%.

Institutional Trading of Invesco S&P SmallCap Materials ETF

A number of hedge funds have recently made changes to their positions in the company. Pacific Sun Financial Corp acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $214,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter worth approximately $538,000. Private Advisor Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter worth approximately $282,000. Essex Financial Services Inc. bought a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter worth approximately $205,000. Finally, Jane Street Group LLC bought a new stake in Invesco S&P SmallCap Materials ETF during the 4th quarter worth approximately $226,000.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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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