Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Declines By 27.3%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 800 shares, a decline of 27.3% from the August 15th total of 1,100 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new position in Invesco S&P SmallCap Financials ETF during the fourth quarter valued at about $1,558,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at approximately $876,000. Gladstone Institutional Advisory LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 4th quarter valued at approximately $402,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Invesco S&P SmallCap Financials ETF in the 2nd quarter worth approximately $191,000.

Invesco S&P SmallCap Financials ETF Stock Performance

NASDAQ:PSCF opened at $54.89 on Friday. The company has a market capitalization of $20.31 million, a P/E ratio of 13.50 and a beta of 1.03. The stock’s 50 day moving average price is $52.83 and its 200 day moving average price is $49.01. Invesco S&P SmallCap Financials ETF has a 52 week low of $38.34 and a 52 week high of $55.93.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.1829 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.33%.

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.