Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Stock Short Interest Drops 96.2%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 88 shares, a decline of 96.2% from the August 31st total of 2,331 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 82,401 shares, the days-to-cover ratio is currently 0.0 days.

Invesco S&P SmallCap Industrials ETF Trading Down 0.2%

Shares of PSCI traded down $0.32 during trading hours on Friday, reaching $162.57. The stock had a trading volume of 773 shares, compared to its average volume of 9,713. The firm has a 50-day simple moving average of $174.75 and a 200 day simple moving average of $170.88. Invesco S&P SmallCap Industrials ETF has a 12 month low of $138.89 and a 12 month high of $187.05. The company has a market capitalization of $278.00 million, a price-to-earnings ratio of 23.47 and a beta of 1.14.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.2063 per share. The ex-dividend date is Monday, September 21st. This is a positive change from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.1960. This represents a $0.83 annualized dividend and a yield of 0.5%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Invesco S&P SmallCap Industrials ETF by 3.9% in the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock worth $24,913,000 after acquiring an additional 6,005 shares during the last quarter. TOP Private Wealth LLC. acquired a new position in Invesco S&P SmallCap Industrials ETF during the 2nd quarter valued at about $5,570,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF in the first quarter worth approximately $1,547,000. Independent Wealth Advisors LLC raised its stake in shares of Invesco S&P SmallCap Industrials ETF by 18.6% in the first quarter. Independent Wealth Advisors LLC now owns 9,053 shares of the company’s stock worth $1,400,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF in the second quarter worth approximately $1,156,000.

Invesco S&P SmallCap Industrials ETF Company Profile

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.