Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 274 shares, a drop of 42.2% from the August 15th total of 474 shares. Based on an average daily trading volume, of 2,517 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF
An institutional investor recently bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,321 shares of the company’s stock, valued at approximately $501,000. Parr Mcknight Wealth Management Group LLC owned approximately 3.47% of Invesco S&P SmallCap Utilities & Communication Services ETF at the end of the most recent quarter.
Invesco S&P SmallCap Utilities & Communication Services ETF Stock Down 0.4%
PSCU opened at $63.52 on Friday. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52-week low of $55.93 and a 52-week high of $66.85. The company has a 50 day moving average of $64.70 and a two-hundred day moving average of $63.75. The company has a market cap of $17.15 million, a P/E ratio of 18.18 and a beta of 0.73.
About Invesco S&P SmallCap Utilities & Communication Services ETF
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.
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