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

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 560 shares, a growth of 81.8% from the May 14th total of 308 shares. Based on an average trading volume of 1,337 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PSCM. Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the third quarter valued at approximately $243,000. Virtu Financial LLC lifted its position in shares of Invesco S&P SmallCap Materials ETF by 13.6% in the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after buying an additional 1,963 shares during the last quarter. Pacific Sun Financial Corp acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $214,000. Private Advisor Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter worth approximately $282,000. Finally, Jane Street Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 4th quarter worth approximately $226,000.

Invesco S&P SmallCap Materials ETF Price Performance

Shares of Invesco S&P SmallCap Materials ETF stock traded down $1.72 during trading hours on Tuesday, hitting $105.68. The company’s stock had a trading volume of 983 shares, compared to its average volume of 3,141. Invesco S&P SmallCap Materials ETF has a 12 month low of $66.90 and a 12 month high of $110.02. The stock has a 50 day moving average of $103.86 and a 200 day moving average of $96.12. The company has a market capitalization of $21.14 million, a PE ratio of 17.06 and a beta of 1.01.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently disclosed 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. This represents a $0.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 23rd.

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.