Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Large Decrease in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 152 shares, a decline of 84.0% from the September 30th total of 951 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 778 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P SmallCap Materials ETF Stock Performance

NASDAQ PSCM traded down $0.04 during trading on Wednesday, reaching $93.81. 257 shares of the company traded hands, compared to its average volume of 2,419. Invesco S&P SmallCap Materials ETF has a 1-year low of $72.75 and a 1-year high of $110.02. The company has a market cap of $19.70 million, a price-to-earnings ratio of 17.06 and a beta of 1.04. The stock’s 50 day moving average price is $96.17 and its two-hundred day moving average price is $99.00.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.2517 per share. This is a drop from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677. The ex-dividend date was Monday, September 21st. This represents a $1.01 annualized dividend and a dividend yield of 1.1%.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Several institutional investors have recently bought and sold shares of the stock. Essex Financial Services Inc. acquired a new position in Invesco S&P SmallCap Materials ETF during the first quarter worth $205,000. Pacific Sun Financial Corp acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $214,000. Private Advisor Group LLC acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $282,000. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter worth about $538,000. Finally, Independent Wealth Network Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the 3rd quarter worth about $778,000.

Invesco S&P SmallCap Materials ETF Company Profile

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.