Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Significant Increase in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,157 shares, an increase of 1,246.5% from the June 15th total of 383 shares. Based on an average daily volume of 1,944 shares, the short-interest ratio is currently 2.7 days. Currently, 2.6% of the shares of the company are short sold.

Invesco S&P SmallCap Materials ETF Stock Performance

Shares of NASDAQ PSCM traded up $0.02 during midday trading on Friday, hitting $97.47. 169 shares of the stock traded hands, compared to its average volume of 3,004. The firm has a 50-day moving average of $103.78 and a two-hundred day moving average of $98.75. The firm has a market capitalization of $19.50 million, a P/E ratio of 17.06 and a beta of 1.02. Invesco S&P SmallCap Materials ETF has a one year low of $71.35 and a one year high of $110.02.

Invesco S&P SmallCap Materials ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.2677 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Several institutional investors and hedge funds have recently modified their holdings of PSCM. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter worth $538,000. Citadel Advisors LLC purchased a new position in Invesco S&P SmallCap Materials ETF during the 3rd quarter worth $243,000. Virtu Financial LLC grew its stake in Invesco S&P SmallCap Materials ETF by 13.6% during the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after buying an additional 1,963 shares during the last quarter. Jane Street Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the 4th quarter valued at about $226,000. Finally, Raymond James Financial Inc. acquired a new position in Invesco S&P SmallCap Materials ETF during the 2nd quarter valued at about $53,000.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.