Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Large Increase in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 1,935 shares, a growth of 63.8% from the March 31st total of 1,181 shares. Based on an average trading volume of 3,661 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the 2nd quarter worth approximately $53,000. Essex Financial Services Inc. purchased a new position in Invesco S&P SmallCap Materials ETF during the 1st quarter worth $205,000. Jane Street Group LLC purchased a new position in Invesco S&P SmallCap Materials ETF during the 4th quarter worth $226,000. Private Advisor Group LLC purchased a new position in Invesco S&P SmallCap Materials ETF during the 1st quarter worth $282,000. Finally, Citadel Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the 3rd quarter valued at $243,000.

Invesco S&P SmallCap Materials ETF Stock Performance

PSCM stock remained flat at $105.52 during trading on Wednesday. The company’s stock had a trading volume of 1,187 shares, compared to its average volume of 3,329. Invesco S&P SmallCap Materials ETF has a 52 week low of $63.02 and a 52 week high of $107.62. The firm’s 50 day moving average is $98.68 and its 200 day moving average is $89.81. The company has a market capitalization of $21.10 million, a price-to-earnings ratio of 17.06 and a beta of 1.04.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.226 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.90 annualized dividend and a dividend yield of 0.9%.

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.