Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Sees Large Growth in Short Interest

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,331 shares, an increase of 171.0% from the August 15th total of 860 shares. Based on an average daily trading volume, of 9,213 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco S&P SmallCap Industrials ETF

A number of large investors have recently added to or reduced their stakes in PSCI. Baird Financial Group Inc. bought a new stake in Invesco S&P SmallCap Industrials ETF in the second quarter worth $232,000. Envestnet Asset Management Inc. purchased a new stake in Invesco S&P SmallCap Industrials ETF during the third quarter valued at about $213,000. JPMorgan Chase & Co. grew its stake in shares of Invesco S&P SmallCap Industrials ETF by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 2,039 shares of the company’s stock valued at $305,000 after buying an additional 103 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Invesco S&P SmallCap Industrials ETF by 6.0% during the fourth quarter. MML Investors Services LLC now owns 4,826 shares of the company’s stock valued at $724,000 after buying an additional 274 shares during the last quarter. Finally, Independent Wealth Network Inc. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF in the first quarter worth about $835,000.

Invesco S&P SmallCap Industrials ETF Stock Performance

PSCI stock opened at $166.60 on Friday. The company has a market capitalization of $176.60 million, a PE ratio of 23.47 and a beta of 1.14. Invesco S&P SmallCap Industrials ETF has a one year low of $138.89 and a one year high of $187.05. The company’s 50 day moving average price is $177.35 and its two-hundred day moving average price is $171.07.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.196 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.78 annualized dividend and a dividend yield of 0.5%.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.