Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Short Interest Up 21.4% in July

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,700 shares, an increase of 21.4% from the July 15th total of 1,400 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Invesco S&P SmallCap Consumer Discretionary ETF

Several institutional investors have recently modified their holdings of PSCD. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter valued at about $1,562,000. Virtu Financial LLC grew its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 88.6% in the first quarter. Virtu Financial LLC now owns 15,260 shares of the company’s stock valued at $1,664,000 after purchasing an additional 7,167 shares during the period. Gladstone Institutional Advisory LLC acquired a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter valued at about $489,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter valued at about $204,000. Finally, Narus Financial Partners LLC grew its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 6.8% in the second quarter. Narus Financial Partners LLC now owns 2,521 shares of the company’s stock valued at $254,000 after purchasing an additional 161 shares during the period.

Invesco S&P SmallCap Consumer Discretionary ETF Price Performance

PSCD stock traded down $0.36 during midday trading on Friday, hitting $104.94. 1,125 shares of the stock traded hands, compared to its average volume of 2,472. The firm has a market cap of $28.33 million, a P/E ratio of 11.83 and a beta of 1.42. The stock’s fifty day simple moving average is $102.96 and its 200-day simple moving average is $103.40. Invesco S&P SmallCap Consumer Discretionary ETF has a 1-year low of $78.94 and a 1-year high of $114.00.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a $0.3318 dividend. This is a positive change from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, June 24th. This represents a $1.33 annualized dividend and a dividend yield of 1.26%.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.