Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Expands By 183.3%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,700 shares, a growth of 183.3% from the February 28th total of 600 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PSCM. Virtu Financial LLC raised its holdings in Invesco S&P SmallCap Materials ETF by 35.1% in the fourth quarter. Virtu Financial LLC now owns 11,702 shares of the company’s stock worth $862,000 after purchasing an additional 3,042 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Invesco S&P SmallCap Materials ETF in the fourth quarter valued at about $219,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the fourth quarter worth about $128,000.

Invesco S&P SmallCap Materials ETF Stock Down 2.2 %

Invesco S&P SmallCap Materials ETF stock opened at $66.97 on Friday. The stock has a market cap of $15.40 million, a price-to-earnings ratio of 17.70 and a beta of 1.29. Invesco S&P SmallCap Materials ETF has a 12-month low of $66.96 and a 12-month high of $86.48. The business’s 50-day simple moving average is $72.34 and its 200 day simple moving average is $76.23.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.1361 dividend. The ex-dividend date was Monday, March 24th.

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.