Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Up 45.8% in December

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 2,525 shares, a growth of 45.8% from the December 15th total of 1,732 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 2,442 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 2,442 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Several large investors have recently modified their holdings of the stock. Founders Financial Alliance LLC bought a new position in Invesco S&P SmallCap Financials ETF during the third quarter valued at $32,000. Virtu Financial LLC lifted its position in shares of Invesco S&P SmallCap Financials ETF by 21.6% during the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after buying an additional 1,229 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Invesco S&P SmallCap Financials ETF by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after acquiring an additional 1,263 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF during the 1st quarter worth $220,000.

Invesco S&P SmallCap Financials ETF Price Performance

NASDAQ PSCF opened at $59.99 on Monday. The business’s fifty day moving average is $57.73 and its 200-day moving average is $56.98. The stock has a market capitalization of $21.00 million, a price-to-earnings ratio of 15.25 and a beta of 1.02. Invesco S&P SmallCap Financials ETF has a one year low of $45.14 and a one year high of $60.13.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2941 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 22nd.

Invesco S&P SmallCap Financials ETF Company Profile

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. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).