Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Update

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,181 shares, an increase of 26.0% from the December 31st total of 2,525 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 2,188 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 2,188 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.9% of the shares of the company are short sold.

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

Large investors have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC purchased a new stake in Invesco S&P SmallCap Financials ETF during the third quarter valued at about $32,000. Virtu Financial LLC raised its position in shares of Invesco S&P SmallCap Financials ETF by 21.6% in the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after purchasing an additional 1,229 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Invesco S&P SmallCap Financials ETF by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after buying an additional 1,263 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Invesco S&P SmallCap Financials ETF by 4.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock valued at $1,889,000 after buying an additional 1,545 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Invesco S&P SmallCap Financials ETF in the 1st quarter worth approximately $220,000.

Invesco S&P SmallCap Financials ETF Trading Up 0.6%

Shares of PSCF stock traded up $0.35 during trading hours on Monday, hitting $60.01. 2,431 shares of the company were exchanged, compared to its average volume of 3,906. Invesco S&P SmallCap Financials ETF has a 52-week low of $45.14 and a 52-week high of $60.91. The firm has a fifty day simple moving average of $58.54 and a 200 day simple moving average of $57.25. The stock has a market capitalization of $22.20 million, a price-to-earnings ratio of 15.25 and a beta of 1.02.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.2941 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).