Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 560 shares, an increase of 81.8% from the May 14th total of 308 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,337 shares, the short-interest ratio is presently 0.4 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSCM. Parr Mcknight Wealth Management Group LLC bought a new position in Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $538,000. Citadel Advisors LLC bought a new position in Invesco S&P SmallCap Materials ETF during the third quarter valued at approximately $243,000. Private Advisor Group LLC bought a new position in Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $282,000. Jane Street Group LLC bought a new position in Invesco S&P SmallCap Materials ETF during the fourth quarter valued at approximately $226,000. Finally, Pacific Sun Financial Corp bought a new position in Invesco S&P SmallCap Materials ETF during the first quarter valued at approximately $214,000.

Invesco S&P SmallCap Materials ETF Stock Up 0.9%

Invesco S&P SmallCap Materials ETF stock traded up $0.95 during midday trading on Monday, reaching $108.79. 1,295 shares of the stock traded hands, compared to its average volume of 3,160. The stock’s fifty day moving average is $103.70 and its 200-day moving average is $95.91. Invesco S&P SmallCap Materials ETF has a 12 month low of $66.90 and a 12 month high of $110.02. The stock has a market cap of $21.76 million, a P/E ratio of 17.06 and a beta of 1.01.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 0.8%.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.