Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Up 45.8% in December

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 2,525 shares, a growth of 45.8% from the December 15th total of 1,732 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 2,442 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 2,442 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the company’s stock are sold short.

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

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new position in Invesco S&P SmallCap Financials ETF in the first quarter valued at about $220,000. Tower Research Capital LLC TRC raised its stake in shares of Invesco S&P SmallCap Financials ETF by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after purchasing an additional 1,263 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of Invesco S&P SmallCap Financials ETF by 21.6% during the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after acquiring an additional 1,229 shares during the period. Finally, Founders Financial Alliance LLC bought a new position in Invesco S&P SmallCap Financials ETF during the 3rd quarter worth $32,000.

Invesco S&P SmallCap Financials ETF Stock Performance

Shares of PSCF opened at $59.99 on Friday. The company’s 50 day moving average price is $57.73 and its 200 day moving average price is $56.96. Invesco S&P SmallCap Financials ETF has a 52 week low of $45.14 and a 52 week high of $60.13. The company has a market capitalization of $21.00 million, a PE ratio of 15.25 and a beta of 1.02.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.2941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.0%.

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. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).