Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Sees Large Growth in Short Interest

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 30,700 shares, an increase of 210.1% from the September 30th total of 9,900 shares. Based on an average daily volume of 34,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Several hedge funds have recently added to or reduced their stakes in PSCE. Kessler Investment Group LLC raised its holdings in Invesco S&P SmallCap Energy ETF by 206.2% in the 3rd quarter. Kessler Investment Group LLC now owns 1,038 shares of the company’s stock valued at $51,000 after acquiring an additional 699 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new position in Invesco S&P SmallCap Energy ETF in the 1st quarter valued at $308,000. PFG Advisors acquired a new position in Invesco S&P SmallCap Energy ETF in the 1st quarter valued at $364,000. U.S. Capital Wealth Advisors LLC raised its holdings in Invesco S&P SmallCap Energy ETF by 6.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 15,281 shares of the company’s stock valued at $804,000 after acquiring an additional 896 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in Invesco S&P SmallCap Energy ETF by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 18,173 shares of the company’s stock valued at $956,000 after acquiring an additional 687 shares in the last quarter.

Invesco S&P SmallCap Energy ETF Stock Performance

NASDAQ:PSCE traded up $0.23 during mid-day trading on Friday, hitting $49.09. 8,263 shares of the stock were exchanged, compared to its average volume of 28,888. The stock has a market capitalization of $85.42 million, a price-to-earnings ratio of 34.07 and a beta of 1.95. The firm’s 50-day simple moving average is $50.14 and its 200 day simple moving average is $52.48. Invesco S&P SmallCap Energy ETF has a fifty-two week low of $45.13 and a fifty-two week high of $58.38.

Invesco S&P SmallCap Energy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.283 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.19. This represents a $1.13 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.