Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 157 shares, a decline of 94.8% from the February 26th total of 3,040 shares. Based on an average daily volume of 3,450 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,450 shares, the short-interest ratio is presently 0.0 days.

Invesco S&P SmallCap Financials ETF Trading Up 0.1%

PSCF stock traded up $0.07 during trading on Tuesday, hitting $56.32. 1,017 shares of the stock traded hands, compared to its average volume of 6,129. The stock has a market cap of $20.84 million, a price-to-earnings ratio of 15.25 and a beta of 1.02. Invesco S&P SmallCap Financials ETF has a one year low of $45.14 and a one year high of $62.20. The company has a 50 day simple moving average of $59.17 and a 200 day simple moving average of $57.90.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be issued a $0.4002 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, March 23rd. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29.

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

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new position in Invesco S&P SmallCap Financials ETF during the 1st quarter valued at about $220,000. Founders Financial Alliance LLC bought a new stake in shares of Invesco S&P SmallCap Financials ETF during the third quarter worth approximately $32,000. Tower Research Capital LLC TRC lifted its holdings in Invesco S&P SmallCap Financials ETF by 13.5% in the third 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 during the period. Virtu Financial LLC raised its position in shares of Invesco S&P SmallCap Financials ETF by 21.6% during the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after acquiring an additional 1,229 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Invesco S&P SmallCap Financials ETF by 4.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,545 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).