Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD – Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,500 shares, a drop of 26.5% from the February 13th total of 3,400 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 2.8 days. Currently, 1.0% of the company’s stock are sold short.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Down 1.6 %

NASDAQ:PSCD traded down $1.46 during trading hours on Tuesday, reaching $91.85. 2,469 shares of the stock were exchanged, compared to its average volume of 1,343. The firm has a 50 day simple moving average of $106.74 and a 200-day simple moving average of $108.71. Invesco S&P SmallCap Consumer Discretionary ETF has a 52 week low of $89.99 and a 52 week high of $119.15. The stock has a market capitalization of $22.04 million, a P/E ratio of 12.45 and a beta of 1.42.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.2715 dividend. The ex-dividend date was Monday, December 23rd.

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

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

About Invesco S&P SmallCap Consumer Discretionary ETF

(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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