Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Up 45.8% in December

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 2,525 shares, a growth of 45.8% from the December 15th total of 1,732 shares. Based on an average daily volume of 2,442 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 2,442 shares, the short-interest ratio is currently 1.0 days.

Invesco S&P SmallCap Financials ETF Price Performance

Shares of PSCF stock opened at $59.99 on Friday. The company’s fifty day moving average price is $57.73 and its two-hundred day moving average price is $56.96. The firm has a market capitalization of $21.00 million, a P/E 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 $60.13.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.2941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.18 annualized dividend and a dividend yield of 2.0%.

Institutional Trading of Invesco S&P SmallCap Financials ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSCF. Goldman Sachs Group Inc. acquired a new position in Invesco S&P SmallCap Financials ETF during the 1st quarter worth $220,000. Founders Financial Alliance LLC bought a new stake in Invesco S&P SmallCap Financials ETF in the 3rd quarter valued at $32,000. Tower Research Capital LLC TRC grew its holdings in Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after buying an additional 1,263 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in Invesco S&P SmallCap Financials ETF by 21.6% in the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after purchasing an additional 1,229 shares during the period.

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. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).