Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 100 shares, adecreaseof85.7% from the July 31st total of 700 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.1%

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF stock opened at $56.02 on Thursday. The stock’s fifty day moving average is $56.06 and its two-hundred day moving average is $55.83. The company has a market capitalization of $14.01 million, a PE ratio of 18.18 and a beta of 0.77. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52 week low of $50.52 and a 52 week high of $67.23.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were given a $0.0301 dividend. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 23rd.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after acquiring an additional 202 shares during the last quarter. Citadel Advisors LLC grew its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 62.6% in the 4th quarter. Citadel Advisors LLC now owns 8,224 shares of the company’s stock valued at $488,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the 1st quarter worth $696,000.

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.