Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Expands By 100.0%

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCUGet Rating) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 200 shares, a growth of 100.0% from the April 15th total of 100 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 0.1 days.

NASDAQ PSCU traded up $1.10 on Friday, hitting $58.69. 822 shares of the company traded hands, compared to its average volume of 2,044. The business’s 50 day moving average price is $62.47 and its 200-day moving average price is $64.56. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52-week low of $56.65 and a 52-week high of $69.13.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 22nd were given a dividend of $0.121 per share. The ex-dividend date was Monday, March 21st. This represents a $0.48 annualized dividend and a yield of 0.82%.

A number of large investors have recently bought and sold shares of PSCU. Royal Bank of Canada raised its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 449.8% during the second quarter. Royal Bank of Canada now owns 2,386 shares of the company’s stock valued at $160,000 after acquiring an additional 1,952 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at about $220,000. Cetera Advisor Networks LLC bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at about $250,000. Gladstone Institutional Advisory LLC bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at about $307,000. Finally, LPL Financial LLC raised its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 6.0% during the fourth quarter. LPL Financial LLC now owns 11,127 shares of the company’s stock valued at $759,000 after acquiring an additional 629 shares during the period.

About Invesco S&P SmallCap Utilities & Communication Services ETF (Get Rating)

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.

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