Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Decreases By 94.8%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 157 shares, a drop of 94.8% from the February 26th total of 3,040 shares. Based on an average daily volume of 3,450 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,450 shares, the short-interest ratio is currently 0.0 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC purchased a new position in Invesco S&P SmallCap Financials ETF during the 3rd quarter valued at approximately $32,000. Goldman Sachs Group Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF during the 1st quarter valued at approximately $220,000. LPL Financial LLC grew its holdings in shares of Invesco S&P SmallCap Financials ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock valued at $315,000 after purchasing an additional 306 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Invesco S&P SmallCap Financials ETF by 21.6% in the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after purchasing an additional 1,229 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Invesco S&P SmallCap Financials ETF by 13.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after purchasing an additional 1,263 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Price Performance

Shares of NASDAQ PSCF traded up $0.07 during mid-day trading on Tuesday, reaching $56.32. The company’s stock had a trading volume of 1,017 shares, compared to its average volume of 6,129. The stock has a fifty day moving average of $59.17 and a two-hundred day moving average of $57.90. Invesco S&P SmallCap Financials ETF has a 52 week low of $45.14 and a 52 week high of $62.20. The firm has a market capitalization of $20.84 million, a PE ratio of 15.25 and a beta of 1.02.

Invesco S&P SmallCap Financials ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be paid a dividend of $0.4002 per share. The ex-dividend date of this dividend is Monday, March 23rd. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29. This represents a $1.60 annualized dividend and a yield of 2.8%.

About Invesco S&P SmallCap Financials ETF

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).