Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Large Growth in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,428 shares, an increase of 74.8% from the August 15th total of 817 shares. Based on an average trading volume of 842 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.7% of the shares of the company are short sold.

Invesco S&P SmallCap Materials ETF Trading Down 0.3%

Shares of PSCM stock traded down $0.26 during mid-day trading on Wednesday, reaching $93.89. The stock had a trading volume of 958 shares, compared to its average volume of 2,651. Invesco S&P SmallCap Materials ETF has a 1-year low of $72.75 and a 1-year high of $110.02. The firm has a market cap of $1.88 million, a price-to-earnings ratio of 17.06 and a beta of 1.03. The business’s fifty day moving average is $99.04 and its 200-day moving average is $100.59.

Invesco S&P SmallCap Materials ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.2677 dividend. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Several institutional investors and hedge funds have recently bought and sold shares of PSCM. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $538,000. Private Advisor Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the first quarter valued at $282,000. Pacific Sun Financial Corp acquired a new position in Invesco S&P SmallCap Materials ETF during the first quarter valued at $214,000. Finally, Essex Financial Services Inc. purchased a new stake in Invesco S&P SmallCap Materials ETF in the first quarter valued at $205,000.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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.

Further Reading

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