Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 308 shares, a decrease of 87.7% from the April 30th total of 2,495 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 5,668 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P SmallCap Materials ETF Stock Up 1.1%

Invesco S&P SmallCap Materials ETF stock traded up $1.15 during midday trading on Thursday, reaching $107.48. The company’s stock had a trading volume of 1,914 shares, compared to its average volume of 3,372. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $64.85 and a fifty-two week high of $110.02. The company has a market cap of $21.50 million, a P/E ratio of 17.06 and a beta of 1.03. The business has a 50-day simple moving average of $101.39 and a 200-day simple moving average of $93.51.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.226 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 0.8%.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the second quarter valued at $53,000. Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the first quarter valued at $205,000. Pacific Sun Financial Corp acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $214,000. Jane Street Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 4th quarter valued at $226,000. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 3rd quarter valued at $243,000.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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.

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