Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Drops By 82.7%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 677 shares, a decline of 82.7% from the April 30th total of 3,906 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,520 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Invesco S&P SmallCap Industrials ETF

Several large investors have recently added to or reduced their stakes in the stock. Independent Wealth Advisors LLC boosted its holdings in Invesco S&P SmallCap Industrials ETF by 18.6% in the first quarter. Independent Wealth Advisors LLC now owns 9,053 shares of the company’s stock valued at $1,400,000 after acquiring an additional 1,422 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 3.9% during the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock valued at $24,913,000 after buying an additional 6,005 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Invesco S&P SmallCap Industrials ETF in the 1st quarter worth about $1,547,000. Private Advisor Group LLC increased its stake in shares of Invesco S&P SmallCap Industrials ETF by 6.3% in the 1st quarter. Private Advisor Group LLC now owns 5,977 shares of the company’s stock worth $924,000 after acquiring an additional 356 shares in the last quarter. Finally, Independent Wealth Network Inc. purchased a new position in Invesco S&P SmallCap Industrials ETF during the 1st quarter valued at about $835,000.

Invesco S&P SmallCap Industrials ETF Price Performance

NASDAQ:PSCI traded down $1.14 during trading hours on Friday, hitting $170.90. The company had a trading volume of 1,487 shares, compared to its average volume of 5,442. The company has a market capitalization of $170.90 million, a PE ratio of 23.47 and a beta of 1.17. The stock has a 50-day moving average price of $165.00 and a 200 day moving average price of $160.88. Invesco S&P SmallCap Industrials ETF has a 52 week low of $124.79 and a 52 week high of $178.02.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.2176 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.87 annualized dividend and a yield of 0.5%.

Invesco S&P SmallCap Industrials ETF Company Profile

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.