Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Drops By 82.7%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 677 shares, a drop of 82.7% from the April 30th total of 3,906 shares. Based on an average daily trading volume, of 4,520 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Invesco S&P SmallCap Industrials ETF Stock Performance

NASDAQ PSCI opened at $171.68 on Thursday. Invesco S&P SmallCap Industrials ETF has a one year low of $124.79 and a one year high of $178.02. The stock has a 50-day moving average of $164.29 and a 200 day moving average of $160.62. The company has a market capitalization of $171.68 million, a price-to-earnings ratio of 23.47 and a beta of 1.17.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.2176 dividend. This represents a $0.87 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its position in Invesco S&P SmallCap Industrials ETF by 7.6% in the third quarter. Stratos Wealth Partners LTD. now owns 58,036 shares of the company’s stock worth $8,673,000 after purchasing an additional 4,082 shares during the last quarter. Bank of America Corp DE boosted its position in Invesco S&P SmallCap Industrials ETF by 3.9% in the first quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock worth $24,913,000 after purchasing an additional 6,005 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Industrials ETF in the first quarter worth about $1,547,000. MML Investors Services LLC boosted its position in Invesco S&P SmallCap Industrials ETF by 6.0% in the fourth quarter. MML Investors Services LLC now owns 4,826 shares of the company’s stock worth $724,000 after purchasing an additional 274 shares during the last quarter. Finally, Virtu Financial LLC boosted its position in Invesco S&P SmallCap Industrials ETF by 7.8% in the third quarter. Virtu Financial LLC now owns 6,882 shares of the company’s stock worth $1,028,000 after purchasing an additional 495 shares during the last quarter.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.