Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Short Interest Down 83.5% in March

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,364 shares, a decrease of 83.5% from the March 15th total of 8,286 shares. Based on an average daily volume of 12,128 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Invesco S&P SmallCap Consumer Staples ETF Stock Down 0.9%

Invesco S&P SmallCap Consumer Staples ETF stock traded down $0.30 during midday trading on Friday, reaching $32.20. The stock had a trading volume of 2,007 shares, compared to its average volume of 13,260. Invesco S&P SmallCap Consumer Staples ETF has a 52-week low of $30.60 and a 52-week high of $36.65. The firm has a market cap of $32.84 million, a price-to-earnings ratio of 14.43 and a beta of 0.60. The company has a fifty day moving average of $33.25 and a 200 day moving average of $32.44.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Staples ETF

A number of hedge funds have recently added to or reduced their stakes in PSCC. Raymond James Financial Inc. grew its stake in Invesco S&P SmallCap Consumer Staples ETF by 4.6% in the 2nd quarter. Raymond James Financial Inc. now owns 22,152 shares of the company’s stock worth $737,000 after acquiring an additional 976 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Invesco S&P SmallCap Consumer Staples ETF by 13.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 14,081 shares of the company’s stock worth $468,000 after acquiring an additional 1,693 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco S&P SmallCap Consumer Staples ETF by 10.8% in the 2nd quarter. Bank of America Corp DE now owns 13,474 shares of the company’s stock worth $448,000 after acquiring an additional 1,313 shares in the last quarter. Summit Financial Consulting LLC grew its stake in Invesco S&P SmallCap Consumer Staples ETF by 11.8% in the 3rd quarter. Summit Financial Consulting LLC now owns 9,388 shares of the company’s stock worth $309,000 after acquiring an additional 994 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Invesco S&P SmallCap Consumer Staples ETF by 6.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 7,629 shares of the company’s stock worth $252,000 after acquiring an additional 456 shares in the last quarter.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.