Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Large Increase in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Get Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 8,800 shares, an increase of 66.0% from the April 30th total of 5,300 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 4.0 days.

Hedge funds have recently made changes to their positions in the business. Zullo Investment Group Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF during the 4th quarter valued at approximately $34,000. Royal Bank of Canada grew its holdings in Invesco S&P SmallCap Financials ETF by 425.5% during the second quarter. Royal Bank of Canada now owns 1,750 shares of the company’s stock valued at $100,000 after purchasing an additional 1,417 shares during the period. Advisor Group Holdings Inc. increased its position in Invesco S&P SmallCap Financials ETF by 19.5% in the third quarter. Advisor Group Holdings Inc. now owns 1,759 shares of the company’s stock worth $103,000 after buying an additional 287 shares during the last quarter. J2 Capital Management Inc bought a new stake in shares of Invesco S&P SmallCap Financials ETF in the fourth quarter valued at $253,000. Finally, Riggs Asset Managment Co. Inc. grew its stake in shares of Invesco S&P SmallCap Financials ETF by 32.0% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 5,041 shares of the company’s stock worth $309,000 after acquiring an additional 1,222 shares during the period.

PSCF stock traded up $0.86 during midday trading on Friday, hitting $53.72. The company’s stock had a trading volume of 1,319 shares, compared to its average volume of 3,089. Invesco S&P SmallCap Financials ETF has a 1 year low of $49.51 and a 1 year high of $64.09. The stock’s 50-day moving average price is $54.50 and its 200 day moving average price is $58.08.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 22nd were given a dividend of $0.358 per share. The ex-dividend date of this dividend was Monday, March 21st. This represents a $1.43 annualized dividend and a yield of 2.67%. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29.

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

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.

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