Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Sees Large Increase in Short Interest

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 30,870 shares, an increase of 409.3% from the July 15th total of 6,061 shares. Based on an average daily volume of 22,714 shares, the short-interest ratio is presently 1.4 days. Currently, 1.8% of the company’s shares are short sold.

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

A number of large investors have recently bought and sold shares of PSCE. Goldman Sachs Group Inc. increased its position in shares of Invesco S&P SmallCap Energy ETF by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock valued at $3,477,000 after acquiring an additional 2,937 shares during the period. Osaic Holdings Inc. increased its position in shares of Invesco S&P SmallCap Energy ETF by 47.1% in the second quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after acquiring an additional 1,839 shares during the last quarter. Bank of America Corp DE raised its holdings in Invesco S&P SmallCap Energy ETF by 34.8% during the third quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock worth $404,000 after acquiring an additional 2,447 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Invesco S&P SmallCap Energy ETF by 62.5% during the fourth 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 last quarter. Finally, Hohimer Wealth Management LLC bought a new position in Invesco S&P SmallCap Energy ETF in the fourth quarter valued at approximately $409,000.

Invesco S&P SmallCap Energy ETF Stock Up 0.0%

NASDAQ:PSCE traded up $0.02 during mid-day trading on Thursday, hitting $60.86. 9,783 shares of the stock traded hands, compared to its average volume of 38,923. Invesco S&P SmallCap Energy ETF has a 52 week low of $38.51 and a 52 week high of $65.02. The stock has a market capitalization of $104.07 million, a price-to-earnings ratio of 9.69 and a beta of 0.73. The firm’s 50 day moving average is $56.99 and its two-hundred day moving average is $57.62.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.4104 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, June 22nd.

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.