Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Large Growth in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 3,408 shares, a growth of 293.5% from the May 31st total of 866 shares. Based on an average trading volume of 6,317 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Invesco S&P SmallCap Consumer Staples ETF Stock Performance

NASDAQ PSCC traded down $0.43 during trading hours on Monday, hitting $35.59. 2,546 shares of the company traded hands, compared to its average volume of 10,018. The business’s 50-day moving average is $33.42 and its 200-day moving average is $32.96. The stock has a market capitalization of $36.30 million, a price-to-earnings ratio of 14.43 and a beta of 0.61. Invesco S&P SmallCap Consumer Staples ETF has a twelve month low of $30.60 and a twelve month high of $36.65.

Invesco S&P SmallCap Consumer Staples ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.1158 dividend. This represents a $0.46 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Staples ETF

A number of institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its stake in Invesco S&P SmallCap Consumer Staples ETF by 218.2% in the fourth quarter. IHT Wealth Management LLC now owns 43,681 shares of the company’s stock valued at $1,358,000 after acquiring an additional 29,955 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in Invesco S&P SmallCap Consumer Staples ETF by 74.7% during the third quarter. Focus Partners Advisor Solutions LLC now owns 33,248 shares of the company’s stock worth $1,060,000 after purchasing an additional 14,221 shares during the period. Raymond James Financial Inc. grew its holdings in Invesco S&P SmallCap Consumer Staples ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 25,703 shares of the company’s stock worth $847,000 after purchasing an additional 3,551 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Invesco S&P SmallCap Consumer Staples ETF during the fourth quarter worth approximately $622,000. Finally, Steward Partners Investment Advisory LLC raised its stake in Invesco S&P SmallCap Consumer Staples ETF by 59.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,356 shares of the company’s stock valued at $571,000 after buying an additional 6,823 shares during the period.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.