Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Stock Short Interest Jumps 65.1%

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,942 shares, an increase of 65.1% from the September 15th total of 1,176 shares. Based on an average daily trading volume, of 8,470 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Invesco S&P SmallCap Consumer Staples ETF

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF during the 2nd quarter valued at $214,000. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Invesco S&P SmallCap Consumer Staples ETF in the 1st quarter valued at approximately $223,000. Finally, Compass Financial Management LLC bought a new position in shares of Invesco S&P SmallCap Consumer Staples ETF in the second quarter valued at approximately $424,000.

Invesco S&P SmallCap Consumer Staples ETF Trading Up 1.1%

Shares of NASDAQ PSCC opened at $35.20 on Friday. Invesco S&P SmallCap Consumer Staples ETF has a twelve month low of $30.60 and a twelve month high of $38.22. The company has a market capitalization of $35.20 million, a price-to-earnings ratio of 14.43 and a beta of 0.62. The firm has a 50-day moving average of $35.47 and a two-hundred day moving average of $34.63.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.2832 per share. This is an increase from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.1158. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, September 21st.

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.