Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Increases By 3,421.7%

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,923 shares, a growth of 3,421.7% from the June 15th total of 83 shares. Based on an average daily volume of 2,002 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Hedge funds have recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the 1st quarter worth approximately $501,000. IHT Wealth Management LLC boosted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after buying an additional 12,219 shares during the period. Advisory Services Network LLC purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at $58,000. Virtu Financial LLC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after buying an additional 4,378 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after buying an additional 202 shares in the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

NASDAQ PSCU traded down $0.19 on Friday, hitting $64.48. 5,645 shares of the company were exchanged, compared to its average volume of 4,382. The company’s 50 day moving average price is $64.62 and its 200-day moving average price is $61.49. The firm has a market capitalization of $17.41 million, a P/E ratio of 18.18 and a beta of 0.72. Invesco S&P SmallCap Utilities & Communication Services ETF has a twelve month low of $53.43 and a twelve month high of $66.85.

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

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0282 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 22nd.

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. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.