Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Short Interest Report for September

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 951 shares, an increase of 64.8% from the September 15th total of 577 shares. Based on an average trading volume of 580 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Large investors have recently modified their holdings of the business. Pacific Sun Financial Corp purchased a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at about $214,000. Parr Mcknight Wealth Management Group LLC bought a new position in Invesco S&P SmallCap Materials ETF in the 1st quarter worth $538,000. Private Advisor Group LLC purchased a new stake in Invesco S&P SmallCap Materials ETF in the first quarter worth about $282,000. Finally, Essex Financial Services Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $205,000.

Invesco S&P SmallCap Materials ETF Trading Up 0.1%

Shares of Invesco S&P SmallCap Materials ETF stock opened at $93.72 on Friday. The business’s fifty day simple moving average is $97.96 and its 200 day simple moving average is $100.63. The firm has a market capitalization of $19.68 million, a P/E ratio of 17.06 and a beta of 1.04. Invesco S&P SmallCap Materials ETF has a 12 month low of $72.75 and a 12 month high of $110.02.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.2517 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.01 annualized dividend and a yield of 1.1%. This is a decrease from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677.

Invesco S&P SmallCap Materials ETF Company Profile

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.