Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Rises By 1,246.5%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 5,157 shares, a growth of 1,246.5% from the June 15th total of 383 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average trading volume of 1,944 shares, the days-to-cover ratio is presently 2.7 days.

Invesco S&P SmallCap Materials ETF Stock Performance

PSCM traded up $0.00 on Friday, hitting $97.45. 170 shares of the company were exchanged, compared to its average volume of 3,004. The firm has a fifty day simple moving average of $103.78 and a two-hundred day simple moving average of $98.75. The stock has a market capitalization of $19.49 million, a PE ratio of 17.06 and a beta of 1.02. Invesco S&P SmallCap Materials ETF has a 12 month low of $71.35 and a 12 month high of $110.02.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.2677 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.07 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Invesco S&P SmallCap Materials ETF during the 2nd quarter valued at $53,000. Virtu Financial LLC increased its position in shares of Invesco S&P SmallCap Materials ETF by 13.6% in the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after acquiring an additional 1,963 shares during the period. Citadel Advisors LLC bought a new position in shares of Invesco S&P SmallCap Materials ETF during the third quarter valued at about $243,000. Jane Street Group LLC bought a new position in shares of Invesco S&P SmallCap Materials ETF during the fourth quarter valued at about $226,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the first quarter worth about $205,000.

About Invesco S&P SmallCap Materials ETF

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.