Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Decreases By 68.0%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 2,922 shares, a drop of 68.0% from the July 15th total of 9,126 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 2,054 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the 2nd quarter valued at approximately $53,000. Virtu Financial LLC lifted its stake in Invesco S&P SmallCap Materials ETF by 13.6% in the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,963 shares during the last quarter. Citadel Advisors LLC bought a new position in Invesco S&P SmallCap Materials ETF in the 3rd quarter valued at approximately $243,000. Jane Street Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF in the fourth quarter valued at approximately $226,000. Finally, Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $205,000.

Invesco S&P SmallCap Materials ETF Stock Up 1.5%

Shares of PSCM traded up $1.49 during midday trading on Friday, hitting $103.46. The company’s stock had a trading volume of 13,007 shares, compared to its average volume of 2,920. Invesco S&P SmallCap Materials ETF has a one year low of $72.75 and a one year high of $110.02. The stock has a market capitalization of $21.73 million, a price-to-earnings ratio of 17.06 and a beta of 1.03. The company’s fifty day simple moving average is $101.00 and its two-hundred day simple moving average is $100.43.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.2677 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, June 22nd.

About Invesco S&P SmallCap Materials ETF

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.