Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Shares Shorted: Short Interest Up 64.8% in September

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 951 shares, a growth of 64.8% from the September 15th total of 577 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 580 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

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

Invesco S&P SmallCap Materials ETF Stock Up 0.1%

PSCM stock opened at $93.72 on Friday. Invesco S&P SmallCap Materials ETF has a twelve month low of $72.75 and a twelve month high of $110.02. The firm has a market cap of $19.68 million, a PE ratio of 17.06 and a beta of 1.04. The business has a 50 day moving average of $97.96 and a 200 day moving average of $100.63.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a $0.2517 dividend. This represents a $1.01 annualized dividend and a yield of 1.1%. This is a negative change from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677. The ex-dividend date of this dividend was Monday, September 21st.

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.