Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Sees Large Increase in Short Interest

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 5,274 shares, an increase of 111.0% from the April 15th total of 2,500 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 59,978 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds have recently modified their holdings of PSCE. First Growth Capital LLC grew its stake in Invesco S&P SmallCap Energy ETF by 7.4% during the first quarter. First Growth Capital LLC now owns 9,371 shares of the company’s stock valued at $554,000 after acquiring an additional 649 shares in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Energy ETF during the first quarter valued at $457,000. Kestra Advisory Services LLC grew its stake in Invesco S&P SmallCap Energy ETF by 1.0% during the first quarter. Kestra Advisory Services LLC now owns 16,178 shares of the company’s stock valued at $986,000 after acquiring an additional 159 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its stake in Invesco S&P SmallCap Energy ETF by 15.8% during the first quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock valued at $343,000 after acquiring an additional 790 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at $204,000.

Invesco S&P SmallCap Energy ETF Trading Up 0.4%

Shares of Invesco S&P SmallCap Energy ETF stock traded up $0.25 on Friday, hitting $62.20. 23,026 shares of the company traded hands, compared to its average volume of 47,979. The company has a market cap of $120.05 million, a P/E ratio of 9.69 and a beta of 0.75. Invesco S&P SmallCap Energy ETF has a 12-month low of $36.01 and a 12-month high of $64.17. The firm’s 50-day simple moving average is $60.00 and its 200 day simple moving average is $51.41.

Invesco S&P SmallCap Energy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3347 dividend. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.30. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.2%.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.