Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 100.0% in March

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 800 shares, an increase of 100.0% from the February 28th total of 400 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

Shares of NASDAQ PSCU traded down $0.50 during mid-day trading on Friday, reaching $56.55. The company had a trading volume of 924 shares, compared to its average volume of 2,753. The firm has a market cap of $15.27 million, a price-to-earnings ratio of 18.20 and a beta of 0.77. The business’s 50-day simple moving average is $58.51 and its 200 day simple moving average is $60.17. Invesco S&P SmallCap Utilities & Communication Services ETF has a one year low of $48.23 and a one year high of $67.23.

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

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.1078 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PSCU. Jane Street Group LLC bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at approximately $413,000. D.A. Davidson & CO. bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at $604,000. Virtu Financial LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter worth $200,000. SMART Wealth LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at about $784,000. Finally, Citadel Advisors LLC grew its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 62.6% in the fourth quarter. Citadel Advisors LLC now owns 8,224 shares of the company’s stock valued at $488,000 after acquiring an additional 3,166 shares during the last quarter.

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.