Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Update

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 274 shares, a decline of 42.2% from the August 15th total of 474 shares. Based on an average daily volume of 2,517 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

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

Shares of NASDAQ:PSCU traded up $0.20 on Thursday, reaching $63.98. 286 shares of the company’s stock were exchanged, compared to its average volume of 3,597. The business’s 50-day moving average is $64.72 and its two-hundred day moving average is $63.71. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $55.93 and a fifty-two week high of $66.85. The firm has a market capitalization of $3.84 million, a price-to-earnings ratio of 18.18 and a beta of 0.73.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A hedge fund recently bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,321 shares of the company’s stock, valued at approximately $501,000. Parr Mcknight Wealth Management Group LLC owned 3.47% of Invesco S&P SmallCap Utilities & Communication Services ETF as of its most recent SEC filing.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

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.