Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 152 shares, a decrease of 84.0% from the September 30th total of 951 shares. Based on an average daily volume of 778 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

A number of institutional investors have recently added to or reduced their stakes in PSCM. Independent Wealth Network Inc. purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the 3rd quarter valued at $778,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter worth about $538,000. Private Advisor Group LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter worth about $282,000. Pacific Sun Financial Corp purchased a new position in shares of Invesco S&P SmallCap Materials ETF during the 1st quarter valued at about $214,000. Finally, Essex Financial Services Inc. bought a new stake in Invesco S&P SmallCap Materials ETF in the 1st quarter worth approximately $205,000.

Invesco S&P SmallCap Materials ETF Stock Performance

NASDAQ PSCM traded up $0.15 on Thursday, hitting $94.00. 298 shares of the stock traded hands, compared to its average volume of 2,409. The business’s fifty day moving average is $96.17 and its two-hundred day moving average is $99.00. Invesco S&P SmallCap Materials ETF has a 12 month low of $72.75 and a 12 month high of $110.02. The firm has a market capitalization of $19.74 million, a price-to-earnings ratio of 17.06 and a beta of 1.04.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.2517 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.01 annualized dividend and a yield of 1.1%. This is a drop from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677.

Invesco S&P SmallCap Materials ETF Company Profile

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.