Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Increases By 79.7%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 7,131 shares, a growth of 79.7% from the January 29th total of 3,969 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average daily trading volume, of 7,436 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 7,436 shares, the days-to-cover ratio is presently 1.0 days. Approximately 4.8% of the company’s stock are short sold.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PSCM. Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap Materials ETF during the second quarter valued at $53,000. Jane Street Group LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the 4th quarter worth about $226,000. Citadel Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the 3rd quarter worth about $243,000. Finally, Virtu Financial LLC boosted its stake in Invesco S&P SmallCap Materials ETF by 13.6% in the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,963 shares in the last quarter.

Invesco S&P SmallCap Materials ETF Price Performance

Shares of NASDAQ PSCM opened at $99.14 on Monday. Invesco S&P SmallCap Materials ETF has a 1 year low of $55.33 and a 1 year high of $106.13. The stock has a market cap of $14.87 million, a P/E ratio of 17.06 and a beta of 1.15. The firm has a 50-day moving average of $93.92 and a 200 day moving average of $83.58.

Invesco S&P SmallCap Materials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.289 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.22. This represents a $1.16 annualized dividend and a dividend yield of 1.2%.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.