Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Short Interest Up 26.7% in January

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,900 shares, an increase of 26.7% from the January 15th total of 1,500 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 1.9 days.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Performance

Shares of NASDAQ PSCD traded up $0.11 during midday trading on Friday, reaching $109.81. The stock had a trading volume of 119 shares, compared to its average volume of 1,191. The stock has a 50-day moving average of $111.08 and a 200-day moving average of $109.23. The company has a market capitalization of $26.35 million, a price-to-earnings ratio of 11.83 and a beta of 1.42. Invesco S&P SmallCap Consumer Discretionary ETF has a 12-month low of $96.78 and a 12-month high of $119.15.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.2715 dividend. The ex-dividend date was Monday, December 23rd.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Narus Financial Partners LLC boosted its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 57.9% during the fourth quarter. Narus Financial Partners LLC now owns 4,016 shares of the company’s stock worth $437,000 after acquiring an additional 1,472 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 19.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock worth $1,180,000 after acquiring an additional 1,730 shares during the last quarter. Meridian Investment Counsel Inc. bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the third quarter worth $209,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth $306,000. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth $569,000.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.