Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 200.0% in July

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 600 shares, a growth of 200.0% from the June 30th total of 200 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 0.7 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

NASDAQ PSCU opened at $55.97 on Thursday. The firm’s fifty day moving average price is $55.66 and its 200 day moving average price is $56.50. The company has a market capitalization of $13.99 million, a price-to-earnings ratio of 18.18 and a beta of 0.77. Invesco S&P SmallCap Utilities & Communication Services ETF has a 12 month low of $50.52 and a 12 month high of $67.23.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a $0.0301 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Monday, June 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 103.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 24,958 shares of the company’s stock worth $1,388,000 after purchasing an additional 12,703 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 48.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,791 shares of the company’s stock worth $758,000 after purchasing an additional 4,203 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 62.6% during the fourth quarter. Citadel Advisors LLC now owns 8,224 shares of the company’s stock worth $488,000 after purchasing an additional 3,166 shares during the period.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

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.