Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) saw a significant drop in short interest in the month of May. As of May 28th, there was short interest totalling 36,500 shares, a drop of 92.6% from the May 13th total of 493,500 shares. Based on an average daily volume of 934,600 shares, the days-to-cover ratio is presently 0.0 days.
Several hedge funds have recently modified their holdings of the company. Nwam LLC bought a new stake in Invesco S&P SmallCap Energy ETF in the 1st quarter valued at $73,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Invesco S&P SmallCap Energy ETF in the 1st quarter valued at about $75,000. Commonwealth Equity Services LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the first quarter valued at about $76,000. Kingsview Wealth Management LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF during the first quarter worth about $82,000. Finally, HighTower Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF during the first quarter worth about $79,000.
Shares of NASDAQ:PSCE traded up $0.04 during trading on Friday, hitting $8.06. 29,290 shares of the company’s stock traded hands, compared to its average volume of 819,273. The firm has a 50-day simple moving average of $6.73. Invesco S&P SmallCap Energy ETF has a 52 week low of $2.82 and a 52 week high of $8.19.
Invesco S&P SmallCap Energy ETF Company Profile
PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.
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