Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Rises By 171.0%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,331 shares, an increase of 171.0% from the August 15th total of 860 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 9,213 shares, the days-to-cover ratio is presently 0.3 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of PSCI. Baird Financial Group Inc. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF in the 2nd quarter worth about $232,000. Citadel Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Industrials ETF during the 2nd quarter valued at about $1,156,000. TOP Private Wealth LLC. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF during the 2nd quarter valued at about $5,570,000. Independent Wealth Advisors LLC lifted its position in Invesco S&P SmallCap Industrials ETF by 18.6% in the 1st quarter. Independent Wealth Advisors LLC now owns 9,053 shares of the company’s stock worth $1,400,000 after buying an additional 1,422 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in 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 worth $24,913,000 after buying an additional 6,005 shares during the last quarter.

Invesco S&P SmallCap Industrials ETF Stock Down 1.3%

Shares of NASDAQ:PSCI traded down $2.08 during midday trading on Monday, reaching $164.58. 3,127 shares of the company traded hands, compared to its average volume of 5,327. Invesco S&P SmallCap Industrials ETF has a 12 month low of $138.89 and a 12 month high of $187.05. The firm has a market capitalization of $174.45 million, a price-to-earnings ratio of 23.47 and a beta of 1.14. The firm’s fifty day moving average price is $176.99 and its two-hundred day moving average price is $171.04.

Invesco S&P SmallCap Industrials ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.196 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.