Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 9,126 shares, a growth of 77.0% from the June 30th total of 5,157 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average daily volume of 3,124 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $538,000. Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the 3rd quarter worth about $243,000. Private Advisor Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the 1st quarter worth about $282,000. Jane Street Group LLC bought a new position in Invesco S&P SmallCap Materials ETF in the fourth quarter valued at about $226,000. Finally, Pacific Sun Financial Corp bought a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at about $214,000.

Invesco S&P SmallCap Materials ETF Price Performance

PSCM stock remained flat at $94.03 during trading on Thursday. 1,123 shares of the company were exchanged, compared to its average volume of 2,951. The company has a market capitalization of $19.75 million, a P/E ratio of 17.06 and a beta of 1.02. The business’s fifty day moving average is $101.88 and its 200-day moving average is $99.88. Invesco S&P SmallCap Materials ETF has a twelve month low of $71.35 and a twelve month high of $110.02.

Invesco S&P SmallCap Materials ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.2677 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 22nd.

Invesco S&P SmallCap Materials ETF Company Profile

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.