Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Up 74.8% in August

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,428 shares, a growth of 74.8% from the August 15th total of 817 shares. Based on an average daily volume of 842 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.7% of the company’s stock are short sold.

Invesco S&P SmallCap Materials ETF Stock Performance

PSCM traded down $0.26 on Wednesday, hitting $93.89. The company had a trading volume of 958 shares, compared to its average volume of 2,651. The stock has a market capitalization of $1.88 million, a price-to-earnings ratio of 17.06 and a beta of 1.03. The stock has a fifty day moving average price of $99.04 and a 200-day moving average price of $100.59. Invesco S&P SmallCap Materials ETF has a 12-month low of $72.75 and a 12-month high of $110.02.

Invesco S&P SmallCap Materials ETF Announces Dividend

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

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

A number of large investors have recently made changes to their positions in PSCM. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the first quarter valued at about $538,000. Private Advisor Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF in the 1st quarter worth approximately $282,000. Pacific Sun Financial Corp purchased a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter worth approximately $214,000. Finally, Essex Financial Services Inc. acquired a new position in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at approximately $205,000.

About Invesco S&P SmallCap Materials ETF

(Get Free Report)

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.

Further Reading

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