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

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 7,300 shares, a growth of 108.6% from the October 31st total of 3,500 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 7.3 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

A number of large investors have recently modified their holdings of PSCM. Virtu Financial LLC increased its stake in Invesco S&P SmallCap Materials ETF by 23.3% in the 2nd quarter. Virtu Financial LLC now owns 15,328 shares of the company’s stock valued at $1,145,000 after purchasing an additional 2,893 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in Invesco S&P SmallCap Materials ETF by 4.8% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock valued at $269,000 after purchasing an additional 152 shares in the last quarter. Finally, Kessler Investment Group LLC increased its stake in Invesco S&P SmallCap Materials ETF by 630.5% in the 3rd quarter. Kessler Investment Group LLC now owns 1,388 shares of the company’s stock valued at $112,000 after purchasing an additional 1,198 shares in the last quarter.

Invesco S&P SmallCap Materials ETF Stock Performance

Invesco S&P SmallCap Materials ETF stock traded down $0.33 during mid-day trading on Thursday, reaching $84.67. 1,162 shares of the company were exchanged, compared to its average volume of 1,252. Invesco S&P SmallCap Materials ETF has a twelve month low of $64.84 and a twelve month high of $86.48. The firm’s 50-day simple moving average is $79.87 and its two-hundred day simple moving average is $78.11. The firm has a market cap of $19.47 million, a PE ratio of 14.55 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.