Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Up 22.6% in September

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,800 shares, an increase of 22.6% from the August 31st total of 3,100 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is currently 2.9 days.

Invesco S&P SmallCap Materials ETF Stock Performance

Shares of PSCM opened at $80.37 on Monday. Invesco S&P SmallCap Materials ETF has a 1 year low of $58.45 and a 1 year high of $83.31. The company’s 50 day simple moving average is $77.09 and its 200 day simple moving average is $76.69. The company has a market capitalization of $17.68 million, a price-to-earnings ratio of 14.55 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.46 annualized dividend and a yield of 0.57%.

Institutional Trading of Invesco S&P SmallCap Materials ETF

An institutional investor recently bought a new position in Invesco S&P SmallCap Materials ETF stock. Virtu Financial LLC bought a new stake in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,676 shares of the company’s stock, valued at approximately $1,157,000. Virtu Financial LLC owned 7.46% of Invesco S&P SmallCap Materials ETF as of its most recent filing with the Securities & Exchange Commission.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.