Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCUGet Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 3,304 shares, a growth of 4,758.8% from the April 15th total of 68 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 2,022 shares, the days-to-cover ratio is currently 1.6 days.

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

NASDAQ:PSCU traded down $1.00 during mid-day trading on Wednesday, hitting $62.78. The company’s stock had a trading volume of 105 shares, compared to its average volume of 5,762. Invesco S&P SmallCap Utilities & Communication Services ETF has a 1 year low of $53.43 and a 1 year high of $66.85. The stock has a market cap of $15.07 million, a price-to-earnings ratio of 18.18 and a beta of 0.74. The business’s fifty day moving average is $62.10 and its two-hundred day moving average is $59.68.

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

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.1155 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.7%.

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

A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $58,000. IHT Wealth Management LLC raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after acquiring an additional 12,219 shares during the period. Virtu Financial LLC raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after acquiring an additional 4,378 shares during the period. Tower Research Capital LLC TRC raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after acquiring an additional 202 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter worth $501,000.

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.

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