Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Short Interest Update

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 300 shares, a decrease of 94.2% from the May 31st total of 5,200 shares. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Truist Financial Corp boosted its holdings in Invesco S&P SmallCap Industrials ETF by 2.4% during the 4th quarter. Truist Financial Corp now owns 7,599 shares of the company’s stock valued at $881,000 after acquiring an additional 180 shares during the period. Private Advisor Group LLC boosted its holdings in Invesco S&P SmallCap Industrials ETF by 2.4% during the 4th quarter. Private Advisor Group LLC now owns 10,357 shares of the company’s stock valued at $1,201,000 after acquiring an additional 241 shares during the period. UBS Group AG boosted its holdings in Invesco S&P SmallCap Industrials ETF by 0.5% during the 3rd quarter. UBS Group AG now owns 51,249 shares of the company’s stock valued at $5,097,000 after acquiring an additional 245 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Invesco S&P SmallCap Industrials ETF by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,839 shares of the company’s stock valued at $3,024,000 after acquiring an additional 332 shares during the period. Finally, Raymond James & Associates boosted its holdings in Invesco S&P SmallCap Industrials ETF by 0.9% during the 1st quarter. Raymond James & Associates now owns 71,479 shares of the company’s stock valued at $9,069,000 after acquiring an additional 604 shares during the period.

Invesco S&P SmallCap Industrials ETF Stock Performance

Shares of NASDAQ PSCI traded up $0.44 during mid-day trading on Thursday, reaching $119.83. 1,923 shares of the company’s stock were exchanged, compared to its average volume of 7,223. The company’s 50-day moving average is $121.94 and its 200-day moving average is $119.12. Invesco S&P SmallCap Industrials ETF has a 52-week low of $93.45 and a 52-week high of $127.62. The firm has a market capitalization of $184.54 million, a price-to-earnings ratio of 18.19 and a beta of 1.24.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be issued a dividend of $0.1428 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, June 24th.

About Invesco S&P SmallCap Industrials ETF

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.