Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Grows By 35.3%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,300 shares, an increase of 35.3% from the September 30th total of 1,700 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Trading of Invesco S&P SmallCap Financials ETF

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new position in Invesco S&P SmallCap Financials ETF during the first quarter worth $220,000. Virtu Financial LLC purchased a new position in Invesco S&P SmallCap Financials ETF during the 1st quarter valued at $351,000. Cambridge Investment Research Advisors Inc. bought a new position in Invesco S&P SmallCap Financials ETF in the 1st quarter valued at $503,000. Jones Financial Companies Lllp grew its position in Invesco S&P SmallCap Financials ETF by 2,000.8% in the 1st quarter. Jones Financial Companies Lllp now owns 21,449 shares of the company’s stock valued at $1,197,000 after acquiring an additional 20,428 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Invesco S&P SmallCap Financials ETF by 19.6% in the second quarter. Harbor Capital Advisors Inc. now owns 38,632 shares of the company’s stock worth $2,097,000 after purchasing an additional 6,333 shares during the period.

Invesco S&P SmallCap Financials ETF Stock Up 0.1%

NASDAQ:PSCF traded up $0.04 on Monday, reaching $54.75. 702 shares of the company’s stock traded hands, compared to its average volume of 2,008. The stock has a 50-day simple moving average of $57.36 and a 200-day simple moving average of $54.99. The firm has a market cap of $18.07 million, a PE ratio of 15.25 and a beta of 1.02. Invesco S&P SmallCap Financials ETF has a 12 month low of $45.14 and a 12 month high of $62.24.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.418 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.67 annualized dividend and a yield of 3.1%. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.34.

About Invesco S&P SmallCap Financials ETF

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.