Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Update

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,400 shares, a growth of 55.6% from the February 13th total of 900 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P SmallCap Financials ETF Price Performance

Shares of Invesco S&P SmallCap Financials ETF stock traded up $0.45 during trading on Monday, hitting $53.02. 253 shares of the company were exchanged, compared to its average volume of 2,399. The firm has a market capitalization of $18.56 million, a P/E ratio of 13.45 and a beta of 1.03. The firm’s fifty day moving average price is $55.26 and its 200 day moving average price is $56.28. Invesco S&P SmallCap Financials ETF has a 1-year low of $44.43 and a 1-year high of $62.24.

Invesco S&P SmallCap Financials ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.5416 dividend. The ex-dividend date was Monday, December 23rd.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Atlas Wealth LLC raised its stake in Invesco S&P SmallCap Financials ETF by 15.5% during the 4th quarter. Atlas Wealth LLC now owns 11,225 shares of the company’s stock worth $621,000 after buying an additional 1,505 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Invesco S&P SmallCap Financials ETF by 78.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,389 shares of the company’s stock valued at $464,000 after purchasing an additional 3,690 shares in the last quarter. LPL Financial LLC grew its position in shares of Invesco S&P SmallCap Financials ETF by 13.1% in the 4th quarter. LPL Financial LLC now owns 5,945 shares of the company’s stock valued at $329,000 after purchasing an additional 687 shares during the period. Bank of America Corp DE lifted its stake in Invesco S&P SmallCap Financials ETF by 34.0% in the fourth quarter. Bank of America Corp DE now owns 5,290 shares of the company’s stock valued at $293,000 after buying an additional 1,341 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the fourth quarter valued at approximately $290,000.

Invesco S&P SmallCap Financials ETF Company Profile

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.