Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 100.0% in March

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 800 shares, a growth of 100.0% from the February 28th total of 400 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

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

Shares of PSCU stock traded down $0.50 during trading hours on Friday, hitting $56.55. The company had a trading volume of 924 shares, compared to its average volume of 2,753. The stock has a market capitalization of $13.57 million, a PE ratio of 18.20 and a beta of 0.80. The company’s fifty day moving average is $58.51 and its 200 day moving average is $60.15. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $48.23 and a fifty-two week high of $67.23.

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

The company also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.1078 per share. The ex-dividend date is Monday, March 24th.

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

Institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. acquired a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter worth about $604,000. Jane Street Group LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth about $413,000. Virtu Financial LLC acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth about $200,000. SMART Wealth LLC purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at approximately $784,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 48.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,791 shares of the company’s stock valued at $758,000 after purchasing an additional 4,203 shares in the last quarter.

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.