Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Update

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,923 shares, a growth of 3,421.7% from the June 15th total of 83 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,002 shares, the days-to-cover ratio is presently 1.5 days.

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

PSCU stock traded down $0.19 during midday trading on Friday, hitting $64.48. 5,645 shares of the company’s stock were exchanged, compared to its average volume of 4,382. Invesco S&P SmallCap Utilities & Communication Services ETF has a one year low of $53.43 and a one year high of $66.85. The company has a market cap of $17.41 million, a PE ratio of 18.18 and a beta of 0.72. The stock’s fifty day moving average price is $64.62 and its 200-day moving average price is $61.49.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.0282 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC boosted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after purchasing an additional 12,219 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 1st quarter valued at about $501,000. Virtu Financial LLC lifted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after purchasing an additional 4,378 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at about $58,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after buying an additional 202 shares during the period.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.