Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Grows By 410.0%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 357 shares, a growth of 410.0% from the March 31st total of 70 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,141 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Financials ETF

Hedge funds have recently made changes to their positions in the business. Founders Financial Alliance LLC acquired a new stake in shares of Invesco S&P SmallCap Financials ETF in the 3rd quarter valued at approximately $32,000. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at approximately $220,000. LPL Financial LLC boosted its holdings in shares of Invesco S&P SmallCap Financials ETF by 5.9% in the 4th quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock valued at $315,000 after buying an additional 306 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Invesco S&P SmallCap Financials ETF by 21.6% in 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. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after buying an additional 1,263 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Stock Down 0.5%

Shares of PSCF opened at $61.71 on Friday. The stock has a market capitalization of $24.68 million, a P/E ratio of 15.25 and a beta of 0.95. Invesco S&P SmallCap Financials ETF has a twelve month low of $49.68 and a twelve month high of $62.90. The company has a 50 day moving average of $58.84 and a 200-day moving average of $58.11.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.4002 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29.

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).