Short Interest in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Rises By 111.0%

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 5,274 shares, a growth of 111.0% from the April 15th total of 2,500 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 59,978 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Invesco S&P SmallCap Energy ETF by 62.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,600 shares of the company’s stock valued at $112,000 after purchasing an additional 1,000 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 4th quarter valued at about $204,000. Kazazian Asset Management LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 3rd quarter valued at about $213,000. Osaic Holdings Inc. boosted its holdings in shares of Invesco S&P SmallCap Energy ETF by 47.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 3rd quarter valued at about $236,000.

Invesco S&P SmallCap Energy ETF Price Performance

Shares of NASDAQ:PSCE traded up $1.67 during midday trading on Monday, hitting $63.87. The company had a trading volume of 25,546 shares, compared to its average volume of 47,701. The company has a market cap of $123.27 million, a price-to-earnings ratio of 9.69 and a beta of 0.75. The company has a fifty day moving average of $60.00 and a two-hundred day moving average of $51.47. Invesco S&P SmallCap Energy ETF has a 12-month low of $36.01 and a 12-month high of $64.17.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.3347 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.34 annualized dividend and a dividend yield of 2.1%.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.