Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 100 shares, a decrease of 98.6% from the November 15th total of 7,300 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco S&P SmallCap Materials ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC raised its position in shares of Invesco S&P SmallCap Materials ETF by 23.3% during the second quarter. Virtu Financial LLC now owns 15,328 shares of the company’s stock valued at $1,145,000 after buying an additional 2,893 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in shares of Invesco S&P SmallCap Materials ETF by 4.8% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock worth $269,000 after acquiring an additional 152 shares during the last quarter. Finally, Kessler Investment Group LLC boosted its stake in shares of Invesco S&P SmallCap Materials ETF by 630.5% during the 3rd quarter. Kessler Investment Group LLC now owns 1,388 shares of the company’s stock worth $112,000 after purchasing an additional 1,198 shares during the period.

Invesco S&P SmallCap Materials ETF Stock Down 1.0 %

PSCM traded down $0.78 during midday trading on Friday, reaching $80.78. The company had a trading volume of 1,473 shares, compared to its average volume of 1,239. Invesco S&P SmallCap Materials ETF has a 1 year low of $66.60 and a 1 year high of $86.48. The company has a market cap of $18.58 million, a P/E ratio of 14.55 and a beta of 1.29. The business has a 50-day moving average of $80.86 and a two-hundred day moving average of $78.43.

Invesco S&P SmallCap Materials ETF Cuts Dividend

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

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.