Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Increases By 171.0%

by · The Markets Daily

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 2,331 shares, a growth of 171.0% from the August 15th total of 860 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 9,213 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap Industrials ETF Trading Down 1.3%

PSCI stock opened at $164.58 on Tuesday. Invesco S&P SmallCap Industrials ETF has a one year low of $138.89 and a one year high of $187.05. The firm has a 50-day moving average of $176.99 and a two-hundred day moving average of $171.04. The firm has a market capitalization of $174.45 million, a PE ratio of 23.47 and a beta of 1.14.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.196 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. TOP Private Wealth LLC. acquired a new position in shares of Invesco S&P SmallCap Industrials ETF in the 2nd quarter valued at about $5,570,000. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Industrials ETF during the first quarter valued at approximately $1,547,000. Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap Industrials ETF in the 2nd quarter valued at approximately $1,156,000. Bank of America Corp DE increased its stake in Invesco S&P SmallCap Industrials ETF by 3.9% in the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock valued at $24,913,000 after buying an additional 6,005 shares during the period. Finally, Independent Wealth Network Inc. purchased a new stake in Invesco S&P SmallCap Industrials ETF in the 1st quarter worth approximately $835,000.

Invesco S&P SmallCap Industrials ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.

See Also