Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 6,497 shares, an increase of 376.3% from the March 31st total of 1,364 shares. Based on an average daily trading volume, of 7,540 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the company’s stock are sold short.

Invesco S&P SmallCap Consumer Staples ETF Stock Performance

Invesco S&P SmallCap Consumer Staples ETF stock opened at $33.09 on Monday. The business’s 50-day simple moving average is $32.96 and its two-hundred day simple moving average is $32.44. The company has a market cap of $33.75 million, a PE ratio of 14.43 and a beta of 0.60. Invesco S&P SmallCap Consumer Staples ETF has a fifty-two week low of $30.60 and a fifty-two week high of $36.65.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco S&P SmallCap Consumer Staples ETF

Large investors have recently added to or reduced their stakes in the company. Winter & Associates Inc. purchased a new stake in Invesco S&P SmallCap Consumer Staples ETF during 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 4th quarter valued at about $240,000. Steward Partners Investment Advisory LLC grew its stake in 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 valued at $571,000 after purchasing an additional 6,823 shares during the last quarter. Susquehanna International Group LLP grew its stake in Invesco S&P SmallCap Consumer Staples ETF by 128.2% during the 3rd quarter. Susquehanna International Group LLP now owns 15,776 shares of the company’s stock valued at $520,000 after purchasing an additional 8,863 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Invesco S&P SmallCap Consumer Staples ETF by 6.8% during the 3rd quarter. Bank of America Corp DE now owns 14,391 shares of the company’s stock valued at $474,000 after purchasing an additional 917 shares during the last quarter.

About Invesco S&P SmallCap Consumer Staples ETF

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.