Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Shares Shorted: Short Interest Up 522.2% in October

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 4,604 shares, a growth of 522.2% from the October 15th total of 740 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,580 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Envestnet Asset Management Inc. purchased a new position in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,826 shares of the company’s stock, valued at approximately $639,000. Envestnet Asset Management Inc. owned about 2.18% of Invesco S&P SmallCap Financials ETF at the end of the most recent reporting period.

Invesco S&P SmallCap Financials ETF Trading Down 0.8%

PSCF stock traded down $0.54 during trading on Thursday, hitting $63.75. The company had a trading volume of 113 shares, compared to its average volume of 3,772. The company has a fifty day moving average price of $62.89 and a two-hundred day moving average price of $62.42. Invesco S&P SmallCap Financials ETF has a fifty-two week low of $54.30 and a fifty-two week high of $68.60. The company has a market cap of $29.96 million, a P/E ratio of 13.92 and a beta of 0.96.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.3868 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 2.4%. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128. The ex-dividend date was Monday, September 21st.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).