Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Significant Increase in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,604 shares, an increase of 522.2% from the October 15th total of 740 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 6,580 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Invesco S&P SmallCap Financials ETF

An institutional investor recently bought a new stake in Invesco S&P SmallCap Financials ETF stock. Envestnet Asset Management Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,826 shares of the company’s stock, valued at approximately $639,000. Envestnet Asset Management Inc. owned 2.18% of Invesco S&P SmallCap Financials ETF at the end of the most recent quarter.

Invesco S&P SmallCap Financials ETF Stock Performance

PSCF stock opened at $64.43 on Wednesday. The company’s 50-day simple moving average is $62.91 and its 200 day simple moving average is $62.40. Invesco S&P SmallCap Financials ETF has a 52 week low of $54.30 and a 52 week high of $68.60. The company has a market capitalization of $30.28 million, a PE ratio of 13.92 and a beta of 0.96.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.3868 dividend. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128. The ex-dividend date was Monday, September 21st. This represents a $1.55 annualized dividend and a yield of 2.4%.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).