Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Large Growth in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 600 shares, an increase of 500.0% from the February 13th total of 100 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P SmallCap Materials ETF Price Performance

Shares of NASDAQ:PSCM traded up $0.34 during midday trading on Friday, reaching $68.51. 1,346 shares of the company’s stock were exchanged, compared to its average volume of 1,493. The firm’s 50 day simple moving average is $73.31 and its two-hundred day simple moving average is $76.81. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $67.33 and a fifty-two week high of $86.48. The stock has a market cap of $15.76 million, a price-to-earnings ratio of 18.05 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.1697 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Invesco S&P SmallCap Materials ETF during the fourth quarter worth $219,000. EP Wealth Advisors LLC purchased a new position in Invesco S&P SmallCap Materials ETF during the 4th quarter valued at about $128,000. Finally, Virtu Financial LLC grew its position in Invesco S&P SmallCap Materials ETF by 35.1% in the 4th quarter. Virtu Financial LLC now owns 11,702 shares of the company’s stock valued at $862,000 after acquiring an additional 3,042 shares in the last quarter.

Invesco S&P SmallCap Materials ETF Company Profile

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.