Short Interest in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Declines By 65.9%

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE – Get Rating) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 42,900 shares, a decrease of 65.9% from the April 15th total of 125,700 shares. Based on an average daily trading volume, of 593,300 shares, the short-interest ratio is currently 0.1 days.

NASDAQ PSCE traded down $0.04 during trading on Thursday, reaching $9.20. The company’s stock had a trading volume of 2,018 shares, compared to its average volume of 566,878. Invesco S&P SmallCap Energy ETF has a 12 month low of $5.58 and a 12 month high of $11.23. The firm has a 50 day moving average price of $9.97 and a 200 day moving average price of $8.54.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 22nd were issued a $0.014 dividend. The ex-dividend date of this dividend was Monday, March 21st. This represents a $0.06 dividend on an annualized basis and a yield of 0.61%. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.01.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley boosted its holdings in Invesco S&P SmallCap Energy ETF by 313.6% in the 2nd quarter. Morgan Stanley now owns 2,635,204 shares of the company’s stock valued at $21,161,000 after purchasing an additional 1,998,007 shares during the period. Raymond James & Associates boosted its holdings in Invesco S&P SmallCap Energy ETF by 14.0% in the 4th quarter. Raymond James & Associates now owns 345,051 shares of the company’s stock valued at $2,410,000 after purchasing an additional 42,415 shares during the period. CIBC World Markets Inc. bought a new stake in Invesco S&P SmallCap Energy ETF in the 4th quarter valued at about $1,654,000. Bank of America Corp DE boosted its holdings in Invesco S&P SmallCap Energy ETF by 0.9% in the 4th quarter. Bank of America Corp DE now owns 227,890 shares of the company’s stock valued at $1,591,000 after purchasing an additional 1,979 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Invesco S&P SmallCap Energy ETF by 123.6% in the 3rd quarter. Royal Bank of Canada now owns 191,110 shares of the company’s stock valued at $1,455,000 after purchasing an additional 105,645 shares during the period.

About Invesco S&P SmallCap Energy ETF (Get Rating)

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.

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