Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Sees Significant Drop in Short Interest

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, a decrease of 87.1% from the February 28th total of 3,100 shares. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco S&P SmallCap Industrials ETF

A number of large investors have recently modified their holdings of PSCI. Envestnet Asset Management Inc. raised its holdings in Invesco S&P SmallCap Industrials ETF by 0.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 172,373 shares of the company’s stock worth $23,161,000 after acquiring an additional 1,028 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 6.5% in the 4th quarter. Bank of America Corp DE now owns 165,100 shares of the company’s stock valued at $22,184,000 after buying an additional 10,111 shares during the last quarter. RiverFront Investment Group LLC grew its stake in shares of Invesco S&P SmallCap Industrials ETF by 8.1% in the fourth quarter. RiverFront Investment Group LLC now owns 162,131 shares of the company’s stock valued at $21,785,000 after buying an additional 12,144 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Invesco S&P SmallCap Industrials ETF during the fourth quarter worth $9,854,000. Finally, LPL Financial LLC raised its position in Invesco S&P SmallCap Industrials ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 51,747 shares of the company’s stock worth $6,953,000 after acquiring an additional 6,532 shares in the last quarter.

Invesco S&P SmallCap Industrials ETF Price Performance

PSCI stock traded down $0.95 during trading hours on Wednesday, reaching $123.00. 7,794 shares of the stock were exchanged, compared to its average volume of 7,810. The company has a market cap of $195.57 million, a price-to-earnings ratio of 22.64 and a beta of 1.24. The firm’s 50-day moving average is $132.24 and its 200-day moving average is $134.89. Invesco S&P SmallCap Industrials ETF has a 12 month low of $117.43 and a 12 month high of $150.72.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.1867 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.