Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 11 shares, a decrease of 92.8% from the October 15th total of 152 shares. Based on an average trading volume of 1,858 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Invesco S&P SmallCap Materials ETF Stock Down 0.6%

NASDAQ:PSCM traded down $0.56 on Tuesday, reaching $90.71. The stock had a trading volume of 834 shares, compared to its average volume of 2,372. The company has a market capitalization of $18.14 million, a P/E ratio of 19.82 and a beta of 1.06. Invesco S&P SmallCap Materials ETF has a 1-year low of $72.75 and a 1-year high of $110.02. The stock has a fifty day moving average price of $94.79 and a 200-day moving average price of $98.94.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.2517 dividend. This represents a $1.01 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677.

Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF

Large investors have recently bought and sold shares of the business. Pacific Sun Financial Corp bought a new position in Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $214,000. Private Advisor Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the first quarter worth $282,000. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the first quarter worth $538,000. Finally, Independent Wealth Network Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the third quarter worth $778,000.

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.