Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 4,758.8% in April

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,304 shares, a growth of 4,758.8% from the April 15th total of 68 shares. Based on an average daily volume of 2,022 shares, the short-interest ratio is currently 1.6 days. Approximately 1.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A number of institutional investors and hedge funds have recently modified their holdings of PSCU. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter worth approximately $58,000. Global Retirement Partners LLC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% in the 3rd quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock worth $199,000 after acquiring an additional 411 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after acquiring an additional 202 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 worth approximately $501,000. Finally, Virtu Financial LLC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after acquiring an additional 4,378 shares during the period.

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

NASDAQ PSCU traded down $0.88 on Monday, hitting $63.78. 204 shares of the company’s stock were exchanged, compared to its average volume of 5,821. The firm’s 50-day moving average price is $61.76 and its two-hundred day moving average price is $59.57. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $53.43 and a fifty-two week high of $66.85. The firm has a market cap of $15.31 million, a price-to-earnings ratio of 18.18 and a beta of 0.74.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1155 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.46 annualized dividend and a yield of 0.7%.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

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.