Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 11 shares, a decrease of 92.8% from the October 15th total of 152 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,858 shares, the short-interest ratio is currently 0.0 days.

Invesco S&P SmallCap Materials ETF Trading Down 0.6%

NASDAQ:PSCM traded down $0.56 on Tuesday, hitting $90.71. 834 shares of the company’s stock traded hands, compared to its average volume of 2,372. Invesco S&P SmallCap Materials ETF has a 1 year low of $72.75 and a 1 year high of $110.02. The firm has a 50-day moving average price of $94.79 and a 200-day moving average price of $98.94. The company has a market cap of $18.14 million, a PE ratio of 19.82 and a beta of 1.06.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.2517 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

Several institutional investors and hedge funds have recently modified their holdings of PSCM. Independent Wealth Network Inc. purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the third quarter worth $778,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the first quarter valued at $538,000. Private Advisor Group LLC purchased a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at about $282,000. Finally, Pacific Sun Financial Corp purchased a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at about $214,000.

Invesco S&P SmallCap Materials ETF Company Profile

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.