Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Short Interest Up 141.7% in March

by · The Cerbat Gem

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD – Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 2,900 shares, a growth of 141.7% from the March 15th total of 1,200 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 1.8 days.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Performance

PSCD traded down $0.23 during trading on Tuesday, reaching $84.26. 594 shares of the stock were exchanged, compared to its average volume of 1,459. The stock has a market cap of $18.54 million, a P/E ratio of 11.90 and a beta of 1.37. The stock’s 50 day moving average price is $97.30 and its two-hundred day moving average price is $106.10. Invesco S&P SmallCap Consumer Discretionary ETF has a twelve month low of $79.29 and a twelve month high of $119.15.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.3319 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco S&P SmallCap Consumer Discretionary ETF’s previous dividend of $0.27.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter valued at $306,000. Citadel Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth approximately $311,000. Narus Financial Partners LLC boosted its stake in Invesco S&P SmallCap Consumer Discretionary ETF by 57.9% in the 4th quarter. Narus Financial Partners LLC now owns 4,016 shares of the company’s stock valued at $437,000 after purchasing an additional 1,472 shares during the period. Raymond James Financial Inc. acquired a new position in Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at $569,000. Finally, Tower Research Capital LLC TRC increased its position in Invesco S&P SmallCap Consumer Discretionary ETF by 19.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock worth $1,180,000 after buying an additional 1,730 shares during the period.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.

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