Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Down 22.2% in December

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 700 shares, a decrease of 22.2% from the December 15th total of 900 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

PSCU stock traded up $0.43 on Friday, reaching $59.95. The company’s stock had a trading volume of 472 shares, compared to its average volume of 2,297. The business has a fifty day simple moving average of $62.00 and a two-hundred day simple moving average of $58.96. Invesco S&P SmallCap Utilities & Communication Services ETF has a 12-month low of $48.23 and a 12-month high of $67.23. The firm has a market cap of $16.79 million, a PE ratio of 22.59 and a beta of 0.77.

Invesco S&P SmallCap Utilities & Communication Services ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.2478 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SMART Wealth LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at $784,000. Virtu Financial LLC bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth about $200,000. Jane Street Group LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth about $413,000. D.A. Davidson & CO. bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $604,000. Finally, Kessler Investment Group LLC lifted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% during the third quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock valued at $69,000 after purchasing an additional 918 shares during the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.