Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Decreases By 42.2%

by · The Markets Daily

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 274 shares, a decline of 42.2% from the August 15th total of 474 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,517 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

Shares of NASDAQ:PSCU traded down $0.50 during midday trading on Wednesday, reaching $63.49. The company’s stock had a trading volume of 286 shares, compared to its average volume of 3,597. The business’s fifty day simple moving average is $64.74 and its 200-day simple moving average is $63.67. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $55.93 and a fifty-two week high of $66.85. The company has a market capitalization of $3.81 million, a P/E ratio of 18.18 and a beta of 0.73.

Invesco S&P SmallCap Utilities & Communication Services ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0282 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.2%.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

A hedge fund recently bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,321 shares of the company’s stock, valued at approximately $501,000. Parr Mcknight Wealth Management Group LLC owned about 3.47% of Invesco S&P SmallCap Utilities & Communication Services ETF at the end of the most recent reporting period.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.

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