Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Sees Significant Drop in Short Interest

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 1,800 shares, a decline of 14.3% from the March 31st total of 2,100 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 26.7% during the third quarter. Harbor Capital Advisors Inc. now owns 3,364 shares of the company’s stock valued at $286,000 after buying an additional 709 shares during the period. Beacon Pointe Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter valued at about $204,000. Narus Financial Partners LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter valued at about $270,000. Gladstone Institutional Advisory LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter valued at about $489,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter valued at about $1,562,000.

Invesco S&P SmallCap Consumer Discretionary ETF Trading Up 1.8 %

Shares of PSCD stock opened at $102.44 on Monday. The firm has a market capitalization of $35.85 million, a PE ratio of 11.33 and a beta of 1.42. The firm has a fifty day simple moving average of $103.69 and a two-hundred day simple moving average of $97.60. Invesco S&P SmallCap Consumer Discretionary ETF has a 12 month low of $78.94 and a 12 month high of $109.27.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.3292 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Monday, March 18th.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.