Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,732 shares, a growth of 284.0% from the November 30th total of 451 shares. Based on an average daily volume of 2,178 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 2,178 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Founders Financial Alliance LLC acquired a new stake in shares of Invesco S&P SmallCap Financials ETF in the 3rd quarter worth about $32,000. Goldman Sachs Group Inc. bought a new stake in Invesco S&P SmallCap Financials ETF during the 1st quarter worth approximately $220,000. Virtu Financial LLC raised its stake in shares of Invesco S&P SmallCap Financials ETF by 21.6% in the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after purchasing an additional 1,229 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after purchasing an additional 1,263 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Invesco S&P SmallCap Financials ETF by 2,000.8% during the first quarter. Jones Financial Companies Lllp now owns 21,449 shares of the company’s stock valued at $1,197,000 after buying an additional 20,428 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Price Performance

Shares of PSCF traded down $0.17 during trading hours on Friday, hitting $58.57. The stock had a trading volume of 892 shares, compared to its average volume of 1,935. Invesco S&P SmallCap Financials ETF has a 1-year low of $45.14 and a 1-year high of $60.13. The firm has a market capitalization of $19.33 million, a P/E ratio of 15.25 and a beta of 1.02. The firm has a 50 day simple moving average of $56.72 and a 200-day simple moving average of $56.36.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.2941 per share. The ex-dividend date is Monday, December 22nd. This represents a $1.18 annualized dividend and a yield of 2.0%.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).