Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 9,126 shares, an increase of 77.0% from the June 30th total of 5,157 shares. Based on an average daily volume of 3,124 shares, the short-interest ratio is presently 2.9 days. Approximately 4.3% of the company’s shares are sold short.

Invesco S&P SmallCap Materials ETF Price Performance

NASDAQ PSCM opened at $95.83 on Friday. Invesco S&P SmallCap Materials ETF has a one year low of $71.35 and a one year high of $110.02. The stock has a market capitalization of $20.12 million, a P/E ratio of 17.06 and a beta of 1.02. The business has a 50 day simple moving average of $101.63 and a 200 day simple moving average of $99.87.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.2677 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC lifted its stake in shares of Invesco S&P SmallCap Materials ETF by 13.6% in the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,963 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Materials ETF in the first quarter worth $538,000. Citadel Advisors LLC bought a new position in Invesco S&P SmallCap Materials ETF in the third quarter worth $243,000. Private Advisor Group LLC bought a new position in Invesco S&P SmallCap Materials ETF in the first quarter worth $282,000. Finally, Jane Street Group LLC purchased a new position in Invesco S&P SmallCap Materials ETF during the fourth quarter valued at $226,000.

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.