Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Expands By 77.0%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 9,126 shares, an increase of 77.0% from the June 30th total of 5,157 shares. Based on an average daily trading volume, of 3,124 shares, the days-to-cover ratio is currently 2.9 days. Currently, 4.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Materials ETF during the 2nd quarter worth $53,000. Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the first quarter worth $205,000. Pacific Sun Financial Corp bought a new stake in Invesco S&P SmallCap Materials ETF in the first quarter valued at $214,000. Jane Street Group LLC bought a new stake in Invesco S&P SmallCap Materials ETF in the fourth quarter valued at $226,000. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the third quarter valued at $243,000.

Invesco S&P SmallCap Materials ETF Stock Down 1.9%

Shares of NASDAQ:PSCM opened at $94.03 on Friday. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $71.35 and a fifty-two week high of $110.02. The firm has a 50-day simple moving average of $101.76 and a 200 day simple moving average of $99.90. The company has a market cap of $19.75 million, a PE ratio of 17.06 and a beta of 1.02.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.2677 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. 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.