Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Large Growth in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,942 shares, an increase of 65.1% from the September 15th total of 1,176 shares. Based on an average daily volume of 8,470 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Invesco S&P SmallCap Consumer Staples ETF Stock Performance

NASDAQ PSCC traded up $0.04 during mid-day trading on Friday, reaching $35.24. 74,821 shares of the stock were exchanged, compared to its average volume of 10,760. The business’s 50 day moving average is $35.43 and its 200-day moving average is $34.63. Invesco S&P SmallCap Consumer Staples ETF has a 1 year low of $30.60 and a 1 year high of $38.22. The company has a market capitalization of $35.24 million, a P/E ratio of 14.43 and a beta of 0.62.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.2832 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.1158. The ex-dividend date was Monday, September 21st.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Staples ETF

Several hedge funds have recently modified their holdings of the company. Compass Financial Management LLC acquired a new stake in Invesco S&P SmallCap Consumer Staples ETF in the second quarter valued at approximately $424,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF in the first quarter valued at approximately $223,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Invesco S&P SmallCap Consumer Staples ETF during the 2nd quarter worth approximately $214,000.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.