Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Drops By 81.4%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 728 shares, a decline of 81.4% from the July 15th total of 3,923 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,884 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P SmallCap Industrials ETF Stock Down 0.4%

Shares of PSCI stock traded down $0.79 during trading hours on Thursday, hitting $182.35. 2,105 shares of the company’s stock were exchanged, compared to its average volume of 5,155. Invesco S&P SmallCap Industrials ETF has a fifty-two week low of $138.89 and a fifty-two week high of $187.05. The firm has a market cap of $193.29 million, a P/E ratio of 23.47 and a beta of 1.14. The firm has a 50 day moving average of $179.41 and a two-hundred day moving average of $170.60.

Invesco S&P SmallCap Industrials ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.196 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%.

Institutional Trading of Invesco S&P SmallCap Industrials ETF

Institutional investors have recently modified their holdings of the stock. Independent Wealth Advisors LLC raised its position in shares of Invesco S&P SmallCap Industrials ETF by 18.6% during the 1st quarter. Independent Wealth Advisors LLC now owns 9,053 shares of the company’s stock worth $1,400,000 after purchasing an additional 1,422 shares during the last quarter. Bank of America Corp DE increased its stake in Invesco S&P SmallCap Industrials ETF by 3.9% during the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock worth $24,913,000 after buying an additional 6,005 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Industrials ETF during the first quarter valued at approximately $1,547,000. Private Advisor Group LLC lifted its position in shares of Invesco S&P SmallCap Industrials ETF by 6.3% in the first quarter. Private Advisor Group LLC now owns 5,977 shares of the company’s stock valued at $924,000 after acquiring an additional 356 shares in the last quarter. Finally, Independent Wealth Network Inc. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the first quarter worth approximately $835,000.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.