Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Shares Shorted: Short Interest Down 84.0% in October

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 152 shares, a decrease of 84.0% from the September 30th total of 951 shares. Based on an average trading volume of 778 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Invesco S&P SmallCap Materials ETF Stock Performance

PSCM stock traded up $2.23 during midday trading on Tuesday, reaching $93.74. The stock had a trading volume of 13,957 shares, compared to its average volume of 2,440. The stock has a market cap of $19.69 million, a PE ratio of 17.06 and a beta of 1.04. The firm has a fifty day simple moving average of $96.50 and a two-hundred day simple moving average of $98.95. Invesco S&P SmallCap Materials ETF has a 52-week low of $72.75 and a 52-week high of $110.02.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.2517 per share. This represents a $1.01 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, September 21st. This is a drop from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Independent Wealth Network Inc. acquired a new stake in shares of Invesco S&P SmallCap Materials ETF during the third quarter worth about $778,000. Pacific Sun Financial Corp purchased a new stake in Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $214,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $538,000. Private Advisor Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the 1st quarter worth approximately $282,000. Finally, Essex Financial Services Inc. acquired a new position in Invesco S&P SmallCap Materials ETF in the 1st quarter worth approximately $205,000.

About Invesco S&P SmallCap Materials ETF

(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.

Further Reading

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