Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Stock Short Interest Declines 96.2%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 88 shares, a decline of 96.2% from the August 31st total of 2,331 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 82,401 shares, the days-to-cover ratio is currently 0.0 days.

Invesco S&P SmallCap Industrials ETF Trading Down 0.5%

Shares of Invesco S&P SmallCap Industrials ETF stock traded down $0.82 on Thursday, reaching $162.87. 21,799 shares of the company were exchanged, compared to its average volume of 9,763. Invesco S&P SmallCap Industrials ETF has a fifty-two week low of $138.89 and a fifty-two week high of $187.05. The firm has a market capitalization of $278.51 million, a price-to-earnings ratio of 23.47 and a beta of 1.14. The stock has a fifty day moving average price of $174.75 and a 200-day moving average price of $170.88.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 21st will be paid a $0.2063 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.83 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.1960.

Institutional Trading of Invesco S&P SmallCap Industrials ETF

Several institutional investors and hedge funds have recently bought and sold shares of PSCI. TOP Private Wealth LLC. acquired a new position in shares of Invesco S&P SmallCap Industrials ETF in the second quarter worth about $5,570,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 1st quarter valued at approximately $1,547,000. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 2nd quarter valued at approximately $1,156,000. Bank of America Corp DE boosted its stake in Invesco S&P SmallCap Industrials ETF by 3.9% in the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock worth $24,913,000 after purchasing an additional 6,005 shares during the period. Finally, Independent Wealth Network Inc. acquired a new position in Invesco S&P SmallCap Industrials ETF in the 1st quarter worth approximately $835,000.

About Invesco S&P SmallCap Industrials ETF

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.