Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Drops By 86.4%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,635 shares, a decline of 86.4% from the February 26th total of 12,031 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 1,775 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 1,775 shares, the short-interest ratio is currently 0.9 days. Approximately 1.1% of the company’s shares are short sold.

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

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its position in shares of Invesco S&P SmallCap Materials ETF by 13.6% in the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after acquiring an additional 1,963 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the third quarter worth about $243,000. Jane Street Group LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the fourth quarter worth about $226,000. Finally, Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap Materials ETF during the 2nd quarter valued at about $53,000.

Invesco S&P SmallCap Materials ETF Trading Up 3.8%

PSCM stock traded up $3.50 during midday trading on Tuesday, hitting $94.88. The company had a trading volume of 5,971 shares, compared to its average volume of 3,673. The stock has a market cap of $14.23 million, a price-to-earnings ratio of 17.06 and a beta of 1.15. Invesco S&P SmallCap Materials ETF has a 52 week low of $55.33 and a 52 week high of $106.13. The stock’s 50 day moving average price is $96.34 and its 200 day moving average price is $85.58.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, March 23rd.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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.

Further Reading

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