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

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 308 shares, a decline of 87.7% from the April 30th total of 2,495 shares. Based on an average daily trading volume, of 5,668 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter worth about $538,000. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the third quarter worth about $243,000. Private Advisor Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter worth about $282,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the fourth quarter worth about $226,000. Finally, Pacific Sun Financial Corp purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter worth about $214,000.

Invesco S&P SmallCap Materials ETF Stock Performance

Invesco S&P SmallCap Materials ETF stock traded down $1.76 during mid-day trading on Friday, reaching $105.19. The company’s stock had a trading volume of 679 shares, compared to its average volume of 3,347. Invesco S&P SmallCap Materials ETF has a 12-month low of $64.85 and a 12-month high of $110.02. The company has a market capitalization of $21.04 million, a P/E ratio of 17.06 and a beta of 1.03. The firm’s fifty day moving average price is $101.86 and its two-hundred day moving average price is $93.80.

Invesco S&P SmallCap Materials ETF Cuts Dividend

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

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.