Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Shorted: Short Interest Up 1,948.9% in October

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 3,893 shares, a growth of 1,948.9% from the October 15th total of 190 shares. Based on an average daily trading volume, of 4,626 shares, the short-interest ratio is presently 0.8 days. Approximately 1.4% of the company’s stock are sold short.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Down 0.4%

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF stock traded down $0.28 during trading hours on Thursday, reaching $62.62. 298 shares of the company’s stock were exchanged, compared to its average volume of 3,304. The company has a 50 day moving average of $61.43 and a two-hundred day moving average of $62.50. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $55.93 and a fifty-two week high of $66.85. The stock has a market cap of $17.54 million, a P/E ratio of 13.79 and a beta of 0.76.

Invesco S&P SmallCap Utilities & Communication Services ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a dividend of $0.1381 per share. The ex-dividend date was Monday, September 21st. This is a boost from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282. This represents a $0.55 annualized dividend and a yield of 0.9%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. NewEdge Advisors LLC lifted its position in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 29,629.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,297 shares of the company’s stock after buying an additional 22,222 shares during the quarter. NewEdge Advisors LLC owned about 8.26% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $1,473,000 as of its most recent SEC filing.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.