Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Shares Shorted: Short Interest Up 61.4% in September

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 970 shares, a growth of 61.4% from the September 15th total of 601 shares. Based on an average daily volume of 450 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.5% of the shares of the company are sold short.

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

A hedge fund recently bought a new stake in Invesco S&P SmallCap Consumer Discretionary ETF stock. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,837 shares of the company’s stock, valued at approximately $1,216,000. Parr Mcknight Wealth Management Group LLC owned about 5.64% of Invesco S&P SmallCap Consumer Discretionary ETF as of its most recent SEC filing.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Down 1.0%

PSCD stock opened at $109.51 on Friday. Invesco S&P SmallCap Consumer Discretionary ETF has a 52 week low of $95.84 and a 52 week high of $122.57. The business has a 50-day simple moving average of $113.22 and a 200 day simple moving average of $112.25. The company has a market cap of $23.00 million, a PE ratio of 12.91 and a beta of 1.21.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a $0.2351 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, September 21st. This is a drop from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.2943.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.