Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Shares Shorted: Short Interest Up 308.9% in October

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 2,838 shares, a growth of 308.9% from the October 15th total of 694 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 690 shares, the short-interest ratio is currently 4.1 days.

Invesco S&P SmallCap Consumer Discretionary ETF Price Performance

NASDAQ:PSCD traded up $1.02 during mid-day trading on Friday, reaching $117.20. The stock had a trading volume of 397 shares, compared to its average volume of 2,400. Invesco S&P SmallCap Consumer Discretionary ETF has a 12 month low of $95.84 and a 12 month high of $122.57. The stock has a market capitalization of $24.61 million, a PE ratio of 15.74 and a beta of 1.22. The stock has a 50-day simple moving average of $111.24 and a two-hundred day simple moving average of $111.84.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a $0.2351 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.8%. This is a drop from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.2943.

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

A hedge fund recently raised its position in Invesco S&P SmallCap Consumer Discretionary ETF stock. Parr Mcknight Wealth Management Group LLC increased its holdings in shares of Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,055 shares of the company’s stock after buying an additional 92 shares during the quarter. Parr Mcknight Wealth Management Group LLC owned 6.22% of Invesco S&P SmallCap Consumer Discretionary ETF worth $1,397,000 at the end of the most recent reporting period.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.