Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Short Interest Declines 61.0%

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 8,922 shares, a decrease of 61.0% from the September 15th total of 22,892 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 11,510 shares, the days-to-cover ratio is presently 0.8 days.

Invesco S&P SmallCap Energy ETF Stock Down 3.0%

Shares of PSCE traded down $1.86 during trading hours on Wednesday, hitting $59.55. 24,204 shares of the company were exchanged, compared to its average volume of 34,456. The company has a market cap of $104.81 million, a price-to-earnings ratio of 9.69 and a beta of 0.85. Invesco S&P SmallCap Energy ETF has a fifty-two week low of $40.67 and a fifty-two week high of $65.26. The firm’s fifty day moving average is $61.10 and its 200 day moving average is $59.68.

Invesco S&P SmallCap Energy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.4107 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.4104. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PSCE. Farther Finance Advisors LLC bought a new stake in Invesco S&P SmallCap Energy ETF during the third quarter worth $178,000. Walkner Condon Financial Advisors LLC boosted its holdings in shares of Invesco S&P SmallCap Energy ETF by 15.8% in the 1st 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 in the last quarter. First Growth Capital LLC acquired a new stake in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter valued at $375,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Invesco S&P SmallCap Energy ETF in the 1st quarter valued at $457,000. Finally, Kestra Advisory Services LLC increased its stake in shares of Invesco S&P SmallCap Energy ETF by 1.0% in the 1st quarter. Kestra Advisory Services LLC now owns 16,178 shares of the company’s stock valued at $986,000 after purchasing an additional 159 shares during the last quarter.

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.