Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Stock Short Interest Climbs 4,085.2%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,683 shares, an increase of 4,085.2% from the September 15th total of 88 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 9,587 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PSCI. Congress Asset Management Co. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 3rd quarter valued at $3,676,000. Envestnet Asset Management Inc. increased its position in Invesco S&P SmallCap Industrials ETF by 30.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,824 shares of the company’s stock worth $1,084,000 after buying an additional 1,355 shares during the last quarter. Baird Financial Group Inc. bought a new position in Invesco S&P SmallCap Industrials ETF during the second quarter valued at about $232,000. Citadel Advisors LLC bought a new position in Invesco S&P SmallCap Industrials ETF during the second quarter valued at about $1,156,000. Finally, TOP Private Wealth LLC. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the second quarter worth about $5,570,000.

Invesco S&P SmallCap Industrials ETF Price Performance

NASDAQ:PSCI traded up $0.23 during mid-day trading on Friday, reaching $161.92. The stock had a trading volume of 12,625 shares, compared to its average volume of 9,731. The business’s 50 day moving average is $171.61 and its 200 day moving average is $171.47. Invesco S&P SmallCap Industrials ETF has a fifty-two week low of $138.89 and a fifty-two week high of $187.05. The stock has a market cap of $268.79 million, a P/E ratio of 23.47 and a beta of 1.15.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.2063 dividend. This is a positive change from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.1960. This represents a $0.83 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 21st.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.