Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Down 97.8% in May

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 64 shares, a drop of 97.8% from the May 14th total of 2,878 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,251 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.3%

PSCU stock opened at $64.38 on Wednesday. The company has a 50-day simple moving average of $64.27 and a 200 day simple moving average of $60.41. The company has a market capitalization of $15.45 million, a P/E ratio of 18.18 and a beta of 0.73. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $53.43 and a fifty-two week high of $66.85.

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

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.1155 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares during the period. Advisory Services Network LLC acquired a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at $58,000. Virtu Financial LLC raised its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after buying an additional 4,378 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 1st quarter worth $501,000. Finally, IHT Wealth Management LLC raised its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the 4th 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 in the last quarter.

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.