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

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 812 shares, a decrease of 49.2% from the August 15th total of 1,599 shares. Based on an average daily volume of 5,649 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Invesco S&P SmallCap Financials ETF Stock Performance

Shares of NASDAQ PSCF traded down $0.73 during trading hours on Tuesday, reaching $64.24. 489 shares of the stock were exchanged, compared to its average volume of 3,854. The firm has a market capitalization of $4.50 million, a price-to-earnings ratio of 15.25 and a beta of 0.92. The stock’s fifty day simple moving average is $66.53 and its 200 day simple moving average is $62.80. Invesco S&P SmallCap Financials ETF has a 52 week low of $54.30 and a 52 week high of $68.60.

Invesco S&P SmallCap Financials ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.3128 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.25 annualized dividend and a yield of 1.9%.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

A hedge fund recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,332 shares of the company’s stock, valued at approximately $2,293,000. Parr Mcknight Wealth Management Group LLC owned 10.08% of Invesco S&P SmallCap Financials ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Invesco S&P SmallCap Financials ETF Company Profile

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).