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

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,331 shares, a growth of 171.0% from the August 15th total of 860 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 9,213 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap Industrials ETF Price Performance

Shares of Invesco S&P SmallCap Industrials ETF stock opened at $166.60 on Friday. Invesco S&P SmallCap Industrials ETF has a 1 year low of $138.89 and a 1 year high of $187.05. The firm has a market cap of $176.60 million, a PE ratio of 23.47 and a beta of 1.14. The company has a 50 day simple moving average of $177.35 and a two-hundred day simple moving average of $171.07.

Invesco S&P SmallCap Industrials ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.196 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.78 annualized dividend and a dividend yield of 0.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in Invesco S&P SmallCap Industrials ETF during the third quarter valued at about $213,000. Baird Financial Group Inc. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF in the 2nd quarter worth about $232,000. JPMorgan Chase & Co. boosted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,039 shares of the company’s stock worth $305,000 after purchasing an additional 103 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 6.0% in the 4th quarter. MML Investors Services LLC now owns 4,826 shares of the company’s stock worth $724,000 after purchasing an additional 274 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Invesco S&P SmallCap Industrials ETF during the 1st quarter valued at about $802,000.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.