Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 800 shares, a decline of 27.3% from the August 15th total of 1,100 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF
Several institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new position in Invesco S&P SmallCap Financials ETF during the fourth quarter valued at about $1,558,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at approximately $876,000. Gladstone Institutional Advisory LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 4th quarter valued at approximately $402,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Invesco S&P SmallCap Financials ETF in the 2nd quarter worth approximately $191,000.
Invesco S&P SmallCap Financials ETF Stock Performance
NASDAQ:PSCF opened at $54.89 on Friday. The company has a market capitalization of $20.31 million, a P/E ratio of 13.50 and a beta of 1.03. The stock’s 50 day moving average price is $52.83 and its 200 day moving average price is $49.01. Invesco S&P SmallCap Financials ETF has a 52 week low of $38.34 and a 52 week high of $55.93.
Invesco S&P SmallCap Financials ETF Cuts Dividend
About Invesco S&P SmallCap Financials ETF
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.
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