Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 308 shares, a decrease of 87.7% from the April 30th total of 2,495 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 5,668 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC increased its position in shares of Invesco S&P SmallCap Materials ETF by 13.6% during the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,963 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the first quarter worth $538,000. Citadel Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the third quarter worth $243,000. Private Advisor Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the first quarter worth $282,000. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the fourth quarter valued at $226,000.

Invesco S&P SmallCap Materials ETF Trading Up 1.1%

Shares of PSCM stock traded up $1.15 during trading hours on Thursday, reaching $107.48. 1,914 shares of the company’s stock were exchanged, compared to its average volume of 3,372. The stock’s 50 day moving average is $101.39 and its 200-day moving average is $93.51. The company has a market cap of $21.50 million, a price-to-earnings ratio of 17.06 and a beta of 1.03. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $64.85 and a fifty-two week high of $110.02.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.8%.

Invesco S&P SmallCap Materials ETF Company Profile

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.