Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Grows By 79.7%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 7,131 shares, a growth of 79.7% from the January 29th total of 3,969 shares. Based on an average daily volume of 7,436 shares, the short-interest ratio is presently 1.0 days. Currently, 4.8% of the shares of the stock are sold short. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily volume of 7,436 shares, the short-interest ratio is presently 1.0 days.

Invesco S&P SmallCap Materials ETF Stock Performance

NASDAQ PSCM traded up $0.02 during trading on Friday, reaching $99.14. 2,206 shares of the company traded hands, compared to its average volume of 4,310. The company has a market cap of $14.87 million, a price-to-earnings ratio of 17.06 and a beta of 1.15. Invesco S&P SmallCap Materials ETF has a 1-year low of $55.33 and a 1-year high of $106.13. The stock’s 50 day moving average price is $93.92 and its two-hundred day moving average price is $83.49.

Invesco S&P SmallCap Materials ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.289 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.22. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC increased its stake 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 during the period. Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the 3rd quarter valued at $243,000. Jane Street Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the 4th quarter valued at $226,000. Finally, Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Materials ETF during the 2nd quarter worth $53,000.

About Invesco S&P SmallCap Materials ETF

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.