Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Large Growth in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,400 shares, an increase of 17.2% from the September 30th total of 2,900 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Staples ETF

Several institutional investors and hedge funds have recently bought and sold shares of PSCC. Family Firm Inc. acquired a new position in shares of Invesco S&P SmallCap Consumer Staples ETF in the 2nd quarter valued at $81,000. CreativeOne Wealth LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF during the first quarter worth $281,000. Virtu Financial LLC acquired a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF in the first quarter valued at $413,000. Finally, Gladstone Institutional Advisory LLC purchased a new stake in Invesco S&P SmallCap Consumer Staples ETF during the 3rd quarter worth about $211,000.

Invesco S&P SmallCap Consumer Staples ETF Price Performance

Invesco S&P SmallCap Consumer Staples ETF stock traded down $0.30 during trading on Wednesday, reaching $37.03. 4,662 shares of the company were exchanged, compared to its average volume of 11,097. The stock’s 50 day simple moving average is $37.36 and its two-hundred day simple moving average is $36.56. The company has a market capitalization of $52.58 million, a P/E ratio of 6.66 and a beta of 0.70. Invesco S&P SmallCap Consumer Staples ETF has a 52-week low of $32.80 and a 52-week high of $39.00.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.19.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.