Short Interest in Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Declines By 21.6%

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 8,286 shares, a decline of 21.6% from the February 26th total of 10,572 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 9,743 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Invesco S&P SmallCap Consumer Staples ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 218.2% in the fourth quarter. IHT Wealth Management LLC now owns 43,681 shares of the company’s stock valued at $1,358,000 after acquiring an additional 29,955 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF in the fourth quarter valued at about $101,000. Winter & Associates Inc. bought a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF in the 4th quarter valued at about $547,000. Hohimer Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Consumer Staples ETF during the fourth quarter worth $240,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 59.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,356 shares of the company’s stock worth $571,000 after purchasing an additional 6,823 shares during the last quarter.

Invesco S&P SmallCap Consumer Staples ETF Trading Down 0.8%

Shares of PSCC stock opened at $31.25 on Friday. Invesco S&P SmallCap Consumer Staples ETF has a 12-month low of $30.60 and a 12-month high of $36.65. The stock’s 50-day moving average price is $33.53 and its 200-day moving average price is $32.59. The stock has a market capitalization of $32.50 million, a price-to-earnings ratio of 14.43 and a beta of 0.60.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, March 23rd.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.