Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Decreases By 86.1%

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 474 shares, a drop of 86.1% from the July 30th total of 3,415 shares. Based on an average trading volume of 2,199 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PSCU. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at about $58,000. Tower Research Capital LLC TRC lifted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at approximately $501,000. Virtu Financial LLC boosted its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after purchasing an additional 4,378 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after purchasing an additional 12,219 shares in the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

Shares of PSCU traded down $0.08 on Wednesday, reaching $65.24. 415 shares of the stock traded hands, compared to its average volume of 3,722. The firm has a market cap of $17.61 million, a price-to-earnings ratio of 18.18 and a beta of 0.73. Invesco S&P SmallCap Utilities & Communication Services ETF has a 12 month low of $55.63 and a 12 month high of $66.85. The stock’s 50-day moving average price is $64.86 and its 200-day moving average price is $63.03.

Invesco S&P SmallCap Utilities & Communication Services ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.0282 dividend. This represents a $0.11 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 22nd.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.