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

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 441 shares, a decline of 34.9% from the May 14th total of 677 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,688 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap Industrials ETF Trading Up 0.9%

PSCI stock traded up $1.59 during trading on Tuesday, hitting $179.11. The company had a trading volume of 1,414 shares, compared to its average volume of 5,415. The company has a fifty day moving average price of $169.08 and a two-hundred day moving average price of $163.23. The company has a market cap of $179.11 million, a P/E ratio of 23.47 and a beta of 1.15. Invesco S&P SmallCap Industrials ETF has a fifty-two week low of $126.03 and a fifty-two week high of $180.28.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.2176 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 annualized dividend and a yield of 0.5%.

Institutional Trading of Invesco S&P SmallCap Industrials ETF

Several institutional investors have recently bought and sold shares of PSCI. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Industrials ETF in the 1st quarter valued at $1,547,000. Hohimer Wealth Management LLC acquired a new stake in Invesco S&P SmallCap Industrials ETF in the 4th quarter valued at $1,098,000. Jane Street Group LLC acquired a new stake in Invesco S&P SmallCap Industrials ETF in the 1st quarter valued at $802,000. Bank of America Corp DE boosted its stake in Invesco S&P SmallCap Industrials ETF by 3.9% in the first 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 in the last quarter. Finally, Independent Wealth Network Inc. acquired a new position in Invesco S&P SmallCap Industrials ETF in the first quarter worth $835,000.

Invesco S&P SmallCap Industrials ETF Company Profile

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.