Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Update

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 800 shares, a drop of 27.3% from the August 15th total of 1,100 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco S&P SmallCap Financials ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the second quarter worth approximately $191,000. Gladstone Institutional Advisory LLC acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 4th quarter valued at $402,000. Virtu Financial LLC acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at $876,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 4th quarter valued at $1,558,000.

Invesco S&P SmallCap Financials ETF Stock Performance

PSCF traded up $0.51 on Monday, hitting $55.40. The company had a trading volume of 12,023 shares, compared to its average volume of 1,963. The stock has a fifty day moving average price of $52.99 and a 200-day moving average price of $49.11. Invesco S&P SmallCap Financials ETF has a 12-month low of $38.34 and a 12-month high of $55.93. The stock has a market capitalization of $20.50 million, a price-to-earnings ratio of 13.50 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $0.1829 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, June 24th.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.