Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Significant Decrease in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,300 shares, a decrease of 73.9% from the November 15th total of 8,800 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 0.7 days.

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

Several hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. increased its position in Invesco S&P SmallCap Financials ETF by 17.2% during the third quarter. Harbor Capital Advisors Inc. now owns 4,699 shares of the company’s stock worth $260,000 after purchasing an additional 688 shares during the last quarter. Kessler Investment Group LLC increased its holdings in shares of Invesco S&P SmallCap Financials ETF by 939.0% during the 3rd quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock worth $262,000 after buying an additional 4,282 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Invesco S&P SmallCap Financials ETF in the third quarter valued at approximately $28,000. Atlas Wealth LLC acquired a new position in Invesco S&P SmallCap Financials ETF during the third quarter valued at approximately $538,000. Finally, Gladstone Institutional Advisory LLC grew its stake in Invesco S&P SmallCap Financials ETF by 6.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 8,278 shares of the company’s stock worth $458,000 after buying an additional 496 shares during the period.

Invesco S&P SmallCap Financials ETF Stock Up 0.6 %

Shares of NASDAQ:PSCF traded up $0.34 during midday trading on Wednesday, reaching $59.74. The company’s stock had a trading volume of 1,669 shares, compared to its average volume of 2,300. The firm has a market cap of $23.89 million, a price-to-earnings ratio of 13.50 and a beta of 1.03. The business has a 50 day moving average price of $57.90 and a 200 day moving average price of $53.65. Invesco S&P SmallCap Financials ETF has a 1 year low of $44.43 and a 1 year high of $62.24.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.37 dividend. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, September 23rd. This represents a $1.48 annualized dividend and a yield of 2.48%.

Invesco S&P SmallCap Financials ETF Company Profile

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.