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

by · The Cerbat Gem

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 308 shares, a drop of 87.7% from the April 30th total of 2,495 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 5,668 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the fourth quarter worth $226,000. Virtu Financial LLC lifted its position in Invesco S&P SmallCap Materials ETF by 13.6% during the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,963 shares during the period. Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the third quarter valued at $243,000. Raymond James Financial Inc. purchased a new stake in Invesco S&P SmallCap Materials ETF in the second quarter valued at $53,000. Finally, Pacific Sun Financial Corp purchased a new stake in Invesco S&P SmallCap Materials ETF in the first quarter valued at $214,000.

Invesco S&P SmallCap Materials ETF Stock Down 1.6%

Shares of NASDAQ:PSCM traded down $1.76 during trading on Friday, hitting $105.19. The stock had a trading volume of 679 shares, compared to its average volume of 3,347. Invesco S&P SmallCap Materials ETF has a 12-month low of $64.85 and a 12-month high of $110.02. The stock has a market capitalization of $21.04 million, a price-to-earnings ratio of 17.06 and a beta of 1.03. The stock has a 50-day simple moving average of $101.86 and a two-hundred day simple moving average of $93.80.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, March 23rd.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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.

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