Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Expands By 126.1%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 5,200 shares, an increase of 126.1% from the March 15th total of 2,300 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in Invesco S&P SmallCap Financials ETF by 285.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 32,299 shares of the company’s stock valued at $1,710,000 after purchasing an additional 23,910 shares during the last quarter. Bank of America Corp DE lifted its holdings in Invesco S&P SmallCap Financials ETF by 34.0% in the fourth quarter. Bank of America Corp DE now owns 5,290 shares of the company’s stock valued at $293,000 after acquiring an additional 1,341 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap Financials ETF in the fourth quarter worth approximately $290,000. LPL Financial LLC increased its stake in Invesco S&P SmallCap Financials ETF by 13.1% during the fourth quarter. LPL Financial LLC now owns 5,945 shares of the company’s stock worth $329,000 after acquiring an additional 687 shares during the last quarter. Finally, Atlas Wealth LLC increased its stake in Invesco S&P SmallCap Financials ETF by 15.5% during the fourth quarter. Atlas Wealth LLC now owns 11,225 shares of the company’s stock worth $621,000 after acquiring an additional 1,505 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Price Performance

Invesco S&P SmallCap Financials ETF stock traded up $0.26 during trading on Thursday, reaching $48.58. 498 shares of the company were exchanged, compared to its average volume of 2,600. The stock’s 50 day simple moving average is $52.80 and its two-hundred day simple moving average is $55.54. The company has a market capitalization of $18.46 million, a P/E ratio of 12.23 and a beta of 0.97. Invesco S&P SmallCap Financials ETF has a 52-week low of $44.43 and a 52-week high of $62.24.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.1547 per share. The ex-dividend date was Monday, March 24th.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.