Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Stock Short Interest Jumps 612.3%

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 10,684 shares, a growth of 612.3% from the October 15th total of 1,500 shares. Based on an average daily volume of 12,156 shares, the short-interest ratio is currently 0.9 days. Currently, 1.0% of the company’s shares are sold short.

Invesco S&P SmallCap Consumer Staples ETF Price Performance

PSCC traded down $0.45 during mid-day trading on Thursday, hitting $36.32. The stock had a trading volume of 4,347 shares, compared to its average volume of 10,418. The stock’s fifty day simple moving average is $34.97 and its 200-day simple moving average is $34.54. The firm has a market capitalization of $39.23 million, a price-to-earnings ratio of 24.40 and a beta of 0.62. Invesco S&P SmallCap Consumer Staples ETF has a 1-year low of $30.60 and a 1-year high of $38.22.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2832 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.1158.

Institutional Trading of Invesco S&P SmallCap Consumer Staples ETF

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. acquired a new position in Invesco S&P SmallCap Consumer Staples ETF in the second quarter valued at about $214,000. Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Consumer Staples ETF during the 1st quarter worth approximately $223,000. Compass Financial Management LLC bought a new stake in Invesco S&P SmallCap Consumer Staples ETF during the 2nd quarter worth approximately $424,000. Finally, Integrity Alliance LLC. bought a new stake in Invesco S&P SmallCap Consumer Staples ETF during the 3rd quarter worth approximately $399,000.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.