Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Down 83.9% in January

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 513 shares, a drop of 83.9% from the January 15th total of 3,181 shares. Based on an average trading volume of 5,582 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 5,582 shares, the short-interest ratio is currently 0.1 days.

Invesco S&P SmallCap Financials ETF Trading Down 1.1%

Shares of PSCF traded down $0.68 during mid-day trading on Thursday, reaching $60.07. The company’s stock had a trading volume of 1,739 shares, compared to its average volume of 5,170. Invesco S&P SmallCap Financials ETF has a 52 week low of $45.14 and a 52 week high of $62.20. The stock has a market cap of $22.23 million, a PE ratio of 15.25 and a beta of 1.02. The company’s fifty day moving average price is $59.15 and its two-hundred day moving average price is $57.52.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.18 annualized dividend and a yield of 2.0%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Founders Financial Alliance LLC purchased a new stake in Invesco S&P SmallCap Financials ETF during the 3rd quarter valued at about $32,000. Goldman Sachs Group Inc. bought a new stake in Invesco S&P SmallCap Financials ETF in the first quarter valued at approximately $220,000. LPL Financial LLC boosted its stake in shares of Invesco S&P SmallCap Financials ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock valued at $315,000 after purchasing an additional 306 shares during the period. Virtu Financial LLC boosted its stake in shares of Invesco S&P SmallCap Financials ETF by 21.6% during the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after purchasing an additional 1,229 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after purchasing an additional 1,263 shares during the last quarter.

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).