Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Down 22.2% in December

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 700 shares, a decline of 22.2% from the December 15th total of 900 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 0.2 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Up 0.7 %

PSCU traded up $0.43 during midday trading on Friday, hitting $59.95. 472 shares of the company traded hands, compared to its average volume of 2,297. The business has a 50 day simple moving average of $62.00 and a two-hundred day simple moving average of $58.96. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52-week low of $48.23 and a 52-week high of $67.23. The company has a market capitalization of $16.79 million, a price-to-earnings ratio of 22.59 and a beta of 0.77.

Invesco S&P SmallCap Utilities & Communication Services ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.2478 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several institutional investors have recently bought and sold shares of PSCU. Kessler Investment Group LLC raised its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% during the third quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock valued at $69,000 after acquiring an additional 918 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth approximately $200,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth approximately $413,000. D.A. Davidson & CO. acquired a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at $604,000. Finally, SMART Wealth LLC purchased a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at $784,000.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.