Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,428 shares, an increase of 74.8% from the August 15th total of 817 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 842 shares, the short-interest ratio is currently 1.7 days.
Invesco S&P SmallCap Materials ETF Price Performance
Shares of PSCM opened at $94.08 on Friday. The firm has a market capitalization of $19.76 million, a P/E ratio of 17.06 and a beta of 1.03. Invesco S&P SmallCap Materials ETF has a one year low of $72.75 and a one year high of $110.02. The business has a fifty day moving average of $98.93 and a 200 day moving average of $100.53.
Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF
Large investors have recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter worth approximately $538,000. Pacific Sun Financial Corp bought a new stake in Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $214,000. Private Advisor Group LLC purchased a new stake in Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $282,000. Finally, Essex Financial Services Inc. purchased a new stake in Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $205,000.
Invesco S&P SmallCap Materials ETF Company Profile
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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