Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Short Interest Drops 59.6%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 577 shares, a drop of 59.6% from the August 31st total of 1,428 shares. Based on an average trading volume of 742 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

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

Several large investors have recently bought and sold shares of the company. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter valued at about $538,000. Private Advisor Group LLC acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $282,000. Pacific Sun Financial Corp acquired a new stake in Invesco S&P SmallCap Materials ETF during the first quarter worth about $214,000. Finally, Essex Financial Services Inc. acquired a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $205,000.

Invesco S&P SmallCap Materials ETF Price Performance

NASDAQ PSCM traded down $0.96 on Tuesday, hitting $94.49. The company had a trading volume of 353 shares, compared to its average volume of 2,545. The company has a market capitalization of $19.84 million, a PE ratio of 17.06 and a beta of 1.03. Invesco S&P SmallCap Materials ETF has a 12-month low of $72.75 and a 12-month high of $110.02. The company’s fifty day moving average price is $98.61 and its 200-day moving average price is $100.53.

Invesco S&P SmallCap Materials ETF Cuts Dividend

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

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.

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