Short Interest in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Rises By 409.3%

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 30,870 shares, a growth of 409.3% from the July 15th total of 6,061 shares. Based on an average daily volume of 22,714 shares, the short-interest ratio is presently 1.4 days. Currently, 1.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake 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 worth $112,000 after purchasing an additional 1,000 shares during the last quarter. Cetera Investment Advisers bought a new stake in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at about $204,000. Osaic Holdings Inc. grew its stake in Invesco S&P SmallCap Energy ETF by 47.1% in the second 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. Walkner Condon Financial Advisors LLC grew its stake in Invesco S&P SmallCap Energy ETF by 15.8% in the first quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock valued at $343,000 after purchasing an additional 790 shares during the last quarter. Finally, First Growth Capital LLC bought a new position in Invesco S&P SmallCap Energy ETF in the fourth quarter worth about $375,000.

Invesco S&P SmallCap Energy ETF Stock Up 2.2%

PSCE stock traded up $1.32 during trading on Friday, hitting $62.18. 2,230 shares of the company’s stock traded hands, compared to its average volume of 38,672. The firm has a market capitalization of $106.33 million, a P/E ratio of 9.69 and a beta of 0.73. The business has a fifty day simple moving average of $56.98 and a two-hundred day simple moving average of $57.71. Invesco S&P SmallCap Energy ETF has a 1 year low of $38.51 and a 1 year high of $65.02.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4104 per share. This represents a $1.64 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Invesco S&P SmallCap Energy ETF Company Profile

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.