Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Large Growth in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,800 shares, a growth of 109.5% from the October 31st total of 4,200 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 2.8 days.

Invesco S&P SmallCap Financials ETF Stock Up 0.0 %

Shares of PSCF stock traded up $0.01 during trading hours on Thursday, hitting $61.20. 8,064 shares of the company’s stock traded hands, compared to its average volume of 2,294. The stock’s 50 day simple moving average is $57.02 and its 200 day simple moving average is $52.86. The stock has a market cap of $24.48 million, a PE ratio of 13.50 and a beta of 1.03. Invesco S&P SmallCap Financials ETF has a 12 month low of $42.50 and a 12 month high of $62.24.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.18. This represents a $1.48 annualized dividend and a dividend yield of 2.42%.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Several large investors have recently modified their holdings of PSCF. Harbor Capital Advisors Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF in the second quarter valued at $191,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF during the first quarter valued at about $876,000. Kessler Investment Group LLC lifted its position in shares of Invesco S&P SmallCap Financials ETF by 939.0% during the third quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock valued at $262,000 after purchasing an additional 4,282 shares in the last quarter. Riggs Asset Managment Co. Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF during the third quarter valued at about $28,000. Finally, Atlas Wealth LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF during the third quarter valued at about $538,000.

Invesco S&P SmallCap Financials ETF Company Profile

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.