Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Significant Increase in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,408 shares, a growth of 293.5% from the May 31st total of 866 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 6,317 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P SmallCap Consumer Staples ETF Trading Up 1.3%

Shares of NASDAQ:PSCC traded up $0.46 during trading on Friday, hitting $36.02. 6,024 shares of the company’s stock were exchanged, compared to its average volume of 10,085. The firm has a market cap of $36.74 million, a P/E ratio of 14.43 and a beta of 0.61. The firm has a 50-day moving average price of $33.42 and a two-hundred day moving average price of $32.95. Invesco S&P SmallCap Consumer Staples ETF has a 1-year low of $30.60 and a 1-year high of $36.65.

Invesco S&P SmallCap Consumer Staples ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.1158 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Consumer Staples ETF

Several institutional investors and hedge funds have recently made changes to their positions in PSCC. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Consumer Staples ETF in the 1st quarter valued at $223,000. IHT Wealth Management LLC grew its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 218.2% during the fourth quarter. IHT Wealth Management LLC now owns 43,681 shares of the company’s stock worth $1,358,000 after purchasing an additional 29,955 shares during the period. Kestra Advisory Services LLC bought a new stake in Invesco S&P SmallCap Consumer Staples ETF in the fourth quarter valued at about $101,000. Winter & Associates Inc. bought a new stake in Invesco S&P SmallCap Consumer Staples ETF in the fourth quarter valued at about $547,000. Finally, Hohimer Wealth Management LLC acquired a new position in Invesco S&P SmallCap Consumer Staples ETF in the fourth quarter valued at about $240,000.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.