Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Short Interest Falls 92.8%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 11 shares, a decline of 92.8% from the October 15th total of 152 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,858 shares, the days-to-cover ratio is presently 0.0 days.

Invesco S&P SmallCap Materials ETF Price Performance

NASDAQ:PSCM traded down $1.36 during mid-day trading on Thursday, reaching $90.37. The stock had a trading volume of 1,996 shares, compared to its average volume of 2,361. The business’s 50 day moving average is $94.45 and its 200 day moving average is $98.90. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $72.75 and a fifty-two week high of $110.02. The stock has a market cap of $17.17 million, a P/E ratio of 19.82 and a beta of 1.06.

Invesco S&P SmallCap Materials ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PSCM. Pacific Sun Financial Corp acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $214,000. Private Advisor Group LLC bought a new stake in Invesco S&P SmallCap Materials ETF in the first quarter worth $282,000. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the first quarter worth $538,000. Finally, Independent Wealth Network Inc. acquired a new position in Invesco S&P SmallCap Materials ETF during the third quarter worth $778,000.

Invesco S&P SmallCap Materials ETF Company Profile

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.