Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Decreases By 42.2%

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCUGet Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 274 shares, a decrease of 42.2% from the August 15th total of 474 shares. Based on an average daily trading volume, of 2,517 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

An institutional investor recently raised its stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. NewEdge Advisors LLC lifted its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCUFree Report) by 29,629.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,297 shares of the company’s stock after acquiring an additional 22,222 shares during the quarter. NewEdge Advisors LLC owned approximately 8.26% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $1,473,000 at the end of the most recent reporting period.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF stock traded down $0.50 during midday trading on Wednesday, hitting $63.49. 286 shares of the company were exchanged, compared to its average volume of 3,597. The firm has a 50 day simple moving average of $64.74 and a 200-day simple moving average of $63.67. The firm has a market cap of $3.81 million, a P/E ratio of 18.18 and a beta of 0.73. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52 week low of $55.93 and a 52 week high of $66.85.

Invesco S&P SmallCap Utilities & Communication Services ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.0282 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.2%.

About Invesco S&P SmallCap Utilities & Communication Services ETF

(Get Free Report)

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.

Further Reading

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