Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Expands By 1,121.7%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,761 shares, an increase of 1,121.7% from the June 15th total of 226 shares. Based on an average daily trading volume, of 4,573 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap Industrials ETF

Several hedge funds have recently bought and sold shares of PSCI. Bank of America Corp DE increased its position in shares of Invesco S&P SmallCap Industrials ETF by 3.9% in the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock valued at $24,913,000 after buying an additional 6,005 shares in the last quarter. Bank of Montreal Can lifted its holdings in Invesco S&P SmallCap Industrials ETF by 4.1% during the fourth quarter. Bank of Montreal Can now owns 30,724 shares of the company’s stock worth $4,673,000 after acquiring an additional 1,224 shares in the last quarter. LPL Financial LLC grew its stake in Invesco S&P SmallCap Industrials ETF by 7.2% in the fourth quarter. LPL Financial LLC now owns 21,992 shares of the company’s stock valued at $3,301,000 after acquiring an additional 1,482 shares during the period. Osaic Holdings Inc. grew its stake in Invesco S&P SmallCap Industrials ETF by 10.5% in the fourth quarter. Osaic Holdings Inc. now owns 18,635 shares of the company’s stock valued at $2,797,000 after acquiring an additional 1,778 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Industrials ETF in the first quarter worth about $1,547,000.

Invesco S&P SmallCap Industrials ETF Trading Down 0.4%

Shares of PSCI stock traded down $0.67 on Friday, reaching $177.26. The company had a trading volume of 3,428 shares, compared to its average volume of 5,310. The stock has a market cap of $182.58 million, a PE ratio of 23.47 and a beta of 1.14. The company has a 50-day moving average of $174.36 and a 200-day moving average of $166.83. Invesco S&P SmallCap Industrials ETF has a 12 month low of $136.18 and a 12 month high of $186.90.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.196 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%.

Invesco S&P SmallCap Industrials ETF Company Profile

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.