Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Significant Increase in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 12,031 shares, an increase of 68.7% from the February 12th total of 7,131 shares. Approximately 8.0% of the company’s stock are sold short. Based on an average daily volume of 3,574 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily volume of 3,574 shares, the days-to-cover ratio is currently 3.4 days. Approximately 8.0% of the company’s stock are sold short.

Invesco S&P SmallCap Materials ETF Trading Down 0.5%

PSCM stock opened at $92.85 on Friday. The firm has a market cap of $13.93 million, a PE ratio of 17.06 and a beta of 1.15. Invesco S&P SmallCap Materials ETF has a 1 year low of $55.33 and a 1 year high of $106.13. The company has a fifty day simple moving average of $95.90 and a 200 day simple moving average of $84.78.

Invesco S&P SmallCap Materials ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.289 dividend. This is an increase from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.22. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the 2nd quarter valued at about $53,000. Jane Street Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF in the 4th quarter worth approximately $226,000. Citadel Advisors LLC bought a new stake in Invesco S&P SmallCap Materials ETF during the third quarter worth approximately $243,000. Finally, Virtu Financial LLC boosted its position in Invesco S&P SmallCap Materials ETF by 13.6% during the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,963 shares during the period.

About Invesco S&P SmallCap Materials ETF

(Get Free Report)

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. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.

Further Reading

Receive News & Ratings for Invesco S&P SmallCap Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P SmallCap Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.