Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,181 shares, a decrease of 27.8% from the March 15th total of 1,635 shares. Based on an average daily trading volume, of 2,923 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the company’s stock are short sold.

Invesco S&P SmallCap Materials ETF Stock Performance

PSCM stock opened at $102.30 on Friday. The stock’s 50 day simple moving average is $98.20 and its 200 day simple moving average is $88.13. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $59.18 and a fifty-two week high of $106.13. The company has a market cap of $20.46 million, a P/E ratio of 17.06 and a beta of 1.04.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.226 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.90 annualized dividend and a yield of 0.9%.

Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the 2nd quarter worth approximately $53,000. Virtu Financial LLC increased its stake in shares of Invesco S&P SmallCap Materials ETF by 13.6% during the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,963 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the 4th quarter worth approximately $226,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the 3rd quarter worth approximately $243,000.

About Invesco S&P SmallCap Materials ETF

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.