Short Interest in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Decreases By 37.7%

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,327 shares, a decrease of 37.7% from the May 31st total of 5,338 shares. Based on an average daily trading volume, of 24,349 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Invesco S&P SmallCap Energy ETF Stock Performance

Invesco S&P SmallCap Energy ETF stock traded down $0.03 during midday trading on Thursday, hitting $53.56. 38,016 shares of the company were exchanged, compared to its average volume of 43,159. The business has a fifty day simple moving average of $59.81 and a two-hundred day simple moving average of $55.03. The firm has a market capitalization of $98.55 million, a PE ratio of 9.69 and a beta of 0.71. Invesco S&P SmallCap Energy ETF has a fifty-two week low of $37.88 and a fifty-two week high of $65.02.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.4104 dividend. This represents a $1.64 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

Several institutional investors have recently made changes to their positions in PSCE. Farther Finance Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Energy ETF by 62.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,600 shares of the company’s stock valued at $112,000 after purchasing an additional 1,000 shares during the period. Cetera Investment Advisers purchased a new stake in Invesco S&P SmallCap Energy ETF during the fourth quarter worth $204,000. Osaic Holdings Inc. grew its position in Invesco S&P SmallCap Energy ETF by 47.1% during the second quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after buying an additional 1,839 shares during the period. Walkner Condon Financial Advisors LLC grew its position in Invesco S&P SmallCap Energy ETF by 15.8% during the first quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock valued at $343,000 after buying an additional 790 shares during the period. Finally, First Growth Capital LLC acquired a new stake in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at $375,000.

Invesco S&P SmallCap Energy ETF Company Profile

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.