Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Large Drop in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 20,940 shares, a decrease of 39.6% from the January 15th total of 34,654 shares. Based on an average trading volume of 13,154 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.0% of the company’s stock are sold short. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 13,154 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Staples ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Invesco S&P SmallCap Consumer Staples ETF by 33.4% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 19,027 shares of the company’s stock valued at $633,000 after purchasing an additional 4,767 shares during the last quarter. Bank of America Corp DE increased its position in Invesco S&P SmallCap Consumer Staples ETF by 10.8% during the second quarter. Bank of America Corp DE now owns 13,474 shares of the company’s stock worth $448,000 after buying an additional 1,313 shares during the period. Hohimer Wealth Management LLC acquired a new position in Invesco S&P SmallCap Consumer Staples ETF during the fourth quarter worth approximately $240,000. Kestra Advisory Services LLC purchased a new stake in Invesco S&P SmallCap Consumer Staples ETF in the fourth quarter valued at approximately $101,000. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Invesco S&P SmallCap Consumer Staples ETF by 40.1% in the fourth quarter. Cornerstone Wealth Management LLC now owns 10,688 shares of the company’s stock valued at $332,000 after acquiring an additional 3,059 shares during the period.

Invesco S&P SmallCap Consumer Staples ETF Stock Up 0.8%

Shares of PSCC opened at $34.64 on Friday. The company has a market capitalization of $36.03 million, a price-to-earnings ratio of 14.43 and a beta of 0.60. Invesco S&P SmallCap Consumer Staples ETF has a 52-week low of $30.60 and a 52-week high of $38.19. The stock has a 50 day moving average price of $32.45 and a 200 day moving average price of $32.90.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.1414 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.57 annualized dividend and a dividend yield of 1.6%.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.