Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Shares Shorted: Short Interest Up 522.2% in October

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 4,604 shares, a growth of 522.2% from the October 15th total of 740 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 6,580 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Envestnet Asset Management Inc. bought a new stake in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,826 shares of the company’s stock, valued at approximately $639,000. Envestnet Asset Management Inc. owned about 2.18% of Invesco S&P SmallCap Financials ETF as of its most recent filing with the SEC.

Invesco S&P SmallCap Financials ETF Trading Down 0.3%

Shares of NASDAQ PSCF opened at $64.43 on Wednesday. The company has a fifty day moving average price of $62.91 and a 200 day moving average price of $62.40. The firm has a market cap of $30.28 million, a PE ratio of 13.92 and a beta of 0.96. Invesco S&P SmallCap Financials ETF has a 1-year low of $54.30 and a 1-year high of $68.60.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.3868 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128. The ex-dividend date was Monday, September 21st.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).