Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Down 86.1% in August

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 474 shares, a decrease of 86.1% from the July 30th total of 3,415 shares. Based on an average daily trading volume, of 2,199 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

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

Invesco S&P SmallCap Utilities & Communication Services ETF stock traded down $0.12 during midday trading on Friday, reaching $64.52. The company’s stock had a trading volume of 680 shares, compared to its average volume of 3,801. The stock has a market capitalization of $17.42 million, a P/E ratio of 18.18 and a beta of 0.73. The stock’s 50-day simple moving average is $64.93 and its 200-day simple moving average is $63.15. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52-week low of $55.63 and a 52-week high of $66.85.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.0282 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

Several large investors have recently bought and sold shares of PSCU. IHT Wealth Management LLC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after purchasing an additional 12,219 shares in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at $501,000. Virtu Financial LLC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after buying an additional 4,378 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at $58,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after acquiring an additional 202 shares during the period.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.