Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Up 1,246.5% in June

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 5,157 shares, an increase of 1,246.5% from the June 15th total of 383 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 1,944 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

Several institutional investors have recently modified their holdings of PSCM. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $538,000. Citadel Advisors LLC bought a new position in Invesco S&P SmallCap Materials ETF in the 3rd quarter valued at $243,000. Private Advisor Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $282,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the 4th quarter valued at $226,000. Finally, Pacific Sun Financial Corp bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the 1st quarter worth $214,000.

Invesco S&P SmallCap Materials ETF Price Performance

Shares of PSCM stock traded up $0.00 on Friday, hitting $97.45. The stock had a trading volume of 170 shares, compared to its average volume of 3,004. The business has a 50 day moving average of $103.78 and a 200 day moving average of $98.75. Invesco S&P SmallCap Materials ETF has a 12-month low of $71.35 and a 12-month high of $110.02. The stock has a market cap of $19.49 million, a price-to-earnings ratio of 17.06 and a beta of 1.02.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.2677 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.07 annualized dividend and a dividend yield of 1.1%.

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.