Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Update

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,000 shares, an increase of 400.0% from the August 15th total of 600 shares. Based on an average trading volume of 4,600 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A hedge fund recently raised its stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Gladstone Institutional Advisory LLC grew its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,314 shares of the company’s stock after buying an additional 392 shares during the period. Gladstone Institutional Advisory LLC owned 2.91% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Up 2.4 %

NASDAQ PSCU traded up $1.38 on Friday, reaching $59.25. 25,710 shares of the stock were exchanged, compared to its average volume of 2,697. Invesco S&P SmallCap Utilities & Communication Services ETF has a one year low of $46.76 and a one year high of $59.29. The firm has a market capitalization of $16.00 million, a PE ratio of 22.59 and a beta of 0.77. The company’s 50-day simple moving average is $55.90 and its two-hundred day simple moving average is $52.46.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Monday, June 24th.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.