Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Short Interest Declines 59.6%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 577 shares, a drop of 59.6% from the August 31st total of 1,428 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 742 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Large investors have recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the first quarter worth approximately $538,000. Pacific Sun Financial Corp purchased a new position in shares of Invesco S&P SmallCap Materials ETF during the first quarter worth approximately $214,000. Private Advisor Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $282,000. Finally, Essex Financial Services Inc. acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $205,000.

Invesco S&P SmallCap Materials ETF Stock Down 0.6%

PSCM traded down $0.59 on Monday, reaching $95.58. The company had a trading volume of 315 shares, compared to its average volume of 2,557. Invesco S&P SmallCap Materials ETF has a 1 year low of $72.75 and a 1 year high of $110.02. The stock has a market capitalization of $20.07 million, a PE ratio of 17.06 and a beta of 1.03. The stock has a 50-day moving average price of $98.68 and a 200-day moving average price of $100.51.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.2517 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.1%. This is a decrease from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677. The ex-dividend date was Monday, September 21st.

About Invesco S&P SmallCap Materials ETF

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.