Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Sees Large Decrease in Short Interest

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 2,500 shares, a decline of 26.5% from the February 13th total of 3,400 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 2.8 days.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Performance

Shares of NASDAQ:PSCD traded down $1.46 during trading on Tuesday, reaching $91.85. The company had a trading volume of 2,469 shares, compared to its average volume of 1,343. The firm’s fifty day moving average is $106.74 and its 200 day moving average is $108.71. The firm has a market capitalization of $22.04 million, a PE ratio of 12.45 and a beta of 1.42. Invesco S&P SmallCap Consumer Discretionary ETF has a twelve month low of $89.99 and a twelve month high of $119.15.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.2715 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSCD. Tower Research Capital LLC TRC raised its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 19.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock worth $1,180,000 after buying an additional 1,730 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $569,000. Narus Financial Partners LLC raised its position in Invesco S&P SmallCap Consumer Discretionary ETF by 57.9% in the fourth quarter. Narus Financial Partners LLC now owns 4,016 shares of the company’s stock worth $437,000 after acquiring an additional 1,472 shares in the last quarter. Citadel Advisors LLC bought a new stake in Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter worth about $311,000. Finally, Virtu Financial LLC bought a new stake in Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter worth about $306,000.

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.