Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 3,421.7% in June

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 2,923 shares, an increase of 3,421.7% from the June 15th total of 83 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,002 shares, the days-to-cover ratio is currently 1.5 days.

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

Invesco S&P SmallCap Utilities & Communication Services ETF stock traded down $0.19 during mid-day trading on Friday, reaching $64.48. The company’s stock had a trading volume of 5,645 shares, compared to its average volume of 4,382. Invesco S&P SmallCap Utilities & Communication Services ETF has a 12 month low of $53.43 and a 12 month high of $66.85. The business’s 50 day simple moving average is $64.62 and its 200 day simple moving average is $61.49. The company has a market capitalization of $17.41 million, a price-to-earnings ratio of 18.18 and a beta of 0.72.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.0282 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.11 dividend on an annualized basis and a yield of 0.2%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at approximately $58,000. Tower Research Capital LLC TRC lifted its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the 1st quarter worth approximately $501,000. Virtu Financial LLC boosted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after purchasing an additional 4,378 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after purchasing an additional 12,219 shares during the period.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.