Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Stock Short Interest Falls 96.2%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 88 shares, a decrease of 96.2% from the August 31st total of 2,331 shares. Based on an average daily trading volume, of 82,401 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PSCI. Baird Financial Group Inc. purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF in the second quarter worth $232,000. Independent Wealth Network Inc. purchased a new position in Invesco S&P SmallCap Industrials ETF during the first quarter worth about $835,000. Envestnet Asset Management Inc. grew its position in Invesco S&P SmallCap Industrials ETF by 30.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,824 shares of the company’s stock worth $1,084,000 after buying an additional 1,355 shares in the last quarter. Private Advisor Group LLC increased its stake in Invesco S&P SmallCap Industrials ETF by 6.3% in the 1st quarter. Private Advisor Group LLC now owns 5,977 shares of the company’s stock worth $924,000 after acquiring an additional 356 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Invesco S&P SmallCap Industrials ETF in the 2nd quarter worth about $1,156,000.

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Invesco S&P SmallCap Industrials ETF Trading Up 0.5%

Shares of PSCI stock traded up $0.76 during trading hours on Friday, reaching $163.65. The stock had a trading volume of 17,051 shares, compared to its average volume of 9,802. The stock’s fifty day simple moving average is $174.44 and its 200 day simple moving average is $170.83. The firm has a market capitalization of $279.84 million, a PE ratio of 23.47 and a beta of 1.14. Invesco S&P SmallCap Industrials ETF has a 12 month low of $138.89 and a 12 month high of $187.05.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.2063 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.83 annualized dividend and a yield of 0.5%. This is a boost from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.1960.

Invesco S&P SmallCap Industrials ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.

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