Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,528 shares, a growth of 106.0% from the June 15th total of 1,227 shares. Based on an average daily trading volume, of 1,376 shares, the short-interest ratio is presently 1.8 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of Invesco S&P SmallCap Financials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSCF. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco S&P SmallCap Financials ETF in the first quarter worth approximately $220,000. LPL Financial LLC boosted its position in shares of Invesco S&P SmallCap Financials ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock valued at $315,000 after buying an additional 306 shares during the last quarter. Virtu Financial LLC boosted its position 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 valued at $396,000 after buying an additional 1,229 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Invesco S&P SmallCap Financials ETF by 13.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after buying an additional 1,263 shares in the last quarter. Finally, Hohimer Wealth Management LLC bought a new stake in Invesco S&P SmallCap Financials ETF during the fourth quarter worth $661,000.

Invesco S&P SmallCap Financials ETF Price Performance

Shares of NASDAQ:PSCF traded up $1.31 during midday trading on Thursday, hitting $68.00. 28,077 shares of the company’s stock were exchanged, compared to its average volume of 3,877. The stock has a 50 day moving average price of $63.08 and a 200-day moving average price of $60.64. The company has a market cap of $27.88 million, a PE ratio of 15.25 and a beta of 0.93. Invesco S&P SmallCap Financials ETF has a 12 month low of $53.10 and a 12 month high of $68.06.

Invesco S&P SmallCap Financials ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3128 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.25 dividend on an annualized basis and a yield of 1.8%.

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).