Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Large Decrease in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 64 shares, a drop of 97.8% from the May 14th total of 2,878 shares. Based on an average daily volume of 1,251 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after purchasing an additional 12,219 shares in the last quarter. Virtu Financial LLC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after purchasing an additional 4,378 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after purchasing an additional 202 shares in the last quarter. Advisory Services Network LLC bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at about $58,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the 1st quarter valued at about $501,000.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF stock traded up $0.66 during trading on Thursday, hitting $64.62. The company’s stock had a trading volume of 330 shares, compared to its average volume of 4,834. The company has a fifty day simple moving average of $64.38 and a two-hundred day simple moving average of $60.47. The company has a market capitalization of $15.51 million, a PE ratio of 18.18 and a beta of 0.73. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52 week low of $53.43 and a 52 week high of $66.85.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.1155 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, March 23rd.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.