Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Decreases By 54.4%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 3,100 shares, a drop of 54.4% from the February 13th total of 6,800 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its position in Invesco S&P SmallCap Industrials ETF by 542.5% during the fourth quarter. Jones Financial Companies Lllp now owns 257 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Avion Wealth acquired a new position in Invesco S&P SmallCap Industrials ETF in the 4th quarter valued at about $67,000. Savant Capital LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 4th quarter valued at approximately $214,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF during the 4th quarter worth approximately $226,000. Finally, Elm3 Financial Group LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF during the 4th quarter valued at approximately $245,000.

Invesco S&P SmallCap Industrials ETF Stock Performance

Shares of PSCI stock traded up $3.05 during trading hours on Friday, reaching $121.60. The company had a trading volume of 2,683 shares, compared to its average volume of 7,783. Invesco S&P SmallCap Industrials ETF has a 12-month low of $117.43 and a 12-month high of $150.72. The company has a market capitalization of $193.35 million, a price-to-earnings ratio of 22.64 and a beta of 1.24. The stock has a fifty day moving average of $134.62 and a 200-day moving average of $135.08.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.2373 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.