Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,046 shares, an increase of 1,075.3% from the May 14th total of 89 shares. Based on an average daily trading volume, of 2,048 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of Invesco S&P SmallCap Consumer Discretionary ETF

Institutional investors have recently modified their holdings of the business. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the 1st quarter worth approximately $1,216,000. EP Wealth Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter worth approximately $1,231,000. Jones Financial Companies Lllp boosted its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 18,166.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,777 shares of the company’s stock worth $993,000 after acquiring an additional 10,718 shares in the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter worth approximately $614,000. Finally, Virtu Financial LLC boosted its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 9.0% during the 3rd quarter. Virtu Financial LLC now owns 14,150 shares of the company’s stock worth $1,578,000 after acquiring an additional 1,169 shares in the last quarter.

Invesco S&P SmallCap Consumer Discretionary ETF Price Performance

Shares of Invesco S&P SmallCap Consumer Discretionary ETF stock remained flat at $111.28 during trading on Thursday. The company had a trading volume of 319 shares, compared to its average volume of 4,237. Invesco S&P SmallCap Consumer Discretionary ETF has a 12-month low of $95.84 and a 12-month high of $117.10. The firm has a market capitalization of $23.37 million, a P/E ratio of 12.91 and a beta of 1.21. The business’s 50-day simple moving average is $107.25 and its 200 day simple moving average is $108.36.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3371 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 23rd.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.