Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Short Interest Up 180.4% in December
by Tristan Rich · The Markets DailyInvesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC – Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 19,879 shares, an increase of 180.4% from the November 30th total of 7,090 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 8,391 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 8,391 shares, the short-interest ratio is currently 2.4 days. Approximately 1.8% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PSCC. Founders Financial Alliance LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF in the third quarter valued at about $40,000. Cornerstone Wealth Management LLC raised its holdings in Invesco S&P SmallCap Consumer Staples ETF by 6.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 7,629 shares of the company’s stock valued at $252,000 after acquiring an additional 456 shares in the last quarter. Summit Financial Consulting LLC lifted its position in shares of Invesco S&P SmallCap Consumer Staples ETF by 14.0% in the 2nd quarter. Summit Financial Consulting LLC now owns 8,394 shares of the company’s stock worth $279,000 after acquiring an additional 1,033 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Invesco S&P SmallCap Consumer Staples ETF by 66.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,884 shares of the company’s stock worth $329,000 after acquiring an additional 3,935 shares during the period. Finally, Integrity Alliance LLC. acquired a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF during the 1st quarter worth approximately $350,000.
Invesco S&P SmallCap Consumer Staples ETF Stock Performance
Shares of PSCC traded down $0.07 during mid-day trading on Friday, hitting $31.62. The company’s stock had a trading volume of 10,982 shares, compared to its average volume of 6,885. The stock’s 50-day moving average is $31.77 and its two-hundred day moving average is $33.32. The firm has a market capitalization of $34.78 million, a PE ratio of 14.43 and a beta of 0.60. Invesco S&P SmallCap Consumer Staples ETF has a one year low of $30.63 and a one year high of $38.63.
Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a $0.1414 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.57 dividend on an annualized basis and a yield of 1.8%.
About Invesco S&P SmallCap Consumer Staples ETF
PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.