Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 441 shares, a decline of 34.9% from the May 14th total of 677 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,688 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap Industrials ETF Stock Performance

Invesco S&P SmallCap Industrials ETF stock traded up $1.59 on Tuesday, reaching $179.11. The company’s stock had a trading volume of 1,414 shares, compared to its average volume of 5,415. The company has a market cap of $179.11 million, a price-to-earnings ratio of 23.47 and a beta of 1.15. The business’s fifty day moving average price is $169.08 and its 200 day moving average price is $163.23. Invesco S&P SmallCap Industrials ETF has a twelve month low of $126.03 and a twelve month high of $180.28.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.2176 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 0.5%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of PSCI. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Industrials ETF in the first quarter worth $1,547,000. Hohimer Wealth Management LLC acquired a new position in shares of Invesco S&P SmallCap Industrials ETF during the fourth quarter valued at $1,098,000. Jane Street Group LLC acquired a new position in shares of Invesco S&P SmallCap Industrials ETF during the first quarter valued at $802,000. Bank of America Corp DE lifted its stake in shares of Invesco S&P SmallCap Industrials ETF by 3.9% during the first quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock valued at $24,913,000 after acquiring an additional 6,005 shares during the period. Finally, Independent Wealth Network Inc. acquired a new position in shares of Invesco S&P SmallCap Industrials ETF during the first quarter valued at $835,000.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.