Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Short Interest Up 409.3% in July

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 30,870 shares, a growth of 409.3% from the July 15th total of 6,061 shares. Based on an average daily trading volume, of 22,714 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.8% of the company’s shares are short sold.

Invesco S&P SmallCap Energy ETF Stock Performance

PSCE traded up $0.50 during midday trading on Wednesday, reaching $60.97. 12,646 shares of the company were exchanged, compared to its average volume of 39,099. Invesco S&P SmallCap Energy ETF has a one year low of $38.51 and a one year high of $65.02. The stock has a market capitalization of $104.26 million, a P/E ratio of 9.69 and a beta of 0.73. The stock’s 50-day simple moving average is $56.99 and its 200 day simple moving average is $57.54.

Invesco S&P SmallCap Energy ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.4104 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hohimer Wealth Management LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the fourth quarter worth $409,000. First Growth Capital LLC bought a new position in Invesco S&P SmallCap Energy ETF in the fourth quarter valued at $375,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Energy ETF in the 1st quarter valued at $457,000. Cetera Investment Advisers bought a new stake in Invesco S&P SmallCap Energy ETF during the 4th quarter worth about $204,000. Finally, Goldman Sachs Group Inc. lifted its position in Invesco S&P SmallCap Energy ETF by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock worth $3,477,000 after buying an additional 2,937 shares in the last quarter.

Invesco S&P SmallCap Energy ETF Company Profile

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.