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 growth in short interest during the month of May. As of May 29th, there was short interest totaling 560 shares, a growth of 81.8% from the May 14th total of 308 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,337 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P SmallCap Materials ETF Price Performance

Shares of NASDAQ:PSCM traded up $0.95 during trading on Monday, hitting $108.79. The company had a trading volume of 1,295 shares, compared to its average volume of 3,160. The stock has a market cap of $21.76 million, a price-to-earnings ratio of 17.06 and a beta of 1.01. Invesco S&P SmallCap Materials ETF has a one year low of $66.90 and a one year high of $110.02. The company has a fifty day simple moving average of $103.70 and a two-hundred day simple moving average of $95.91.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, March 23rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the second quarter worth approximately $53,000. Virtu Financial LLC raised its holdings in shares of Invesco S&P SmallCap Materials ETF by 13.6% in the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after buying an additional 1,963 shares during the period. Essex Financial Services Inc. purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter worth approximately $205,000. Pacific Sun Financial Corp purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter worth approximately $214,000. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the fourth quarter worth approximately $226,000.

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. 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.