Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Decreases By 68.0%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 2,922 shares, a drop of 68.0% from the July 15th total of 9,126 shares. Based on an average trading volume of 2,054 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PSCM. Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Materials ETF in the 2nd quarter valued at approximately $53,000. Essex Financial Services Inc. bought a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter worth approximately $205,000. Pacific Sun Financial Corp bought a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter worth approximately $214,000. Jane Street Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the 4th quarter valued at approximately $226,000. Finally, Private Advisor Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the 1st quarter valued at approximately $282,000.

Invesco S&P SmallCap Materials ETF Price Performance

PSCM stock traded up $1.49 during midday trading on Friday, reaching $103.46. 13,007 shares of the stock were exchanged, compared to its average volume of 2,920. Invesco S&P SmallCap Materials ETF has a 52 week low of $72.75 and a 52 week high of $110.02. The company has a fifty day moving average price of $101.00 and a 200 day moving average price of $100.43. The stock has a market capitalization of $21.73 million, a PE ratio of 17.06 and a beta of 1.03.

Invesco S&P SmallCap Materials ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.2677 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 22nd.

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.