Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 4,758.8% in April

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 3,304 shares, an increase of 4,758.8% from the April 15th total of 68 shares. Based on an average daily trading volume, of 2,022 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.4% of the company’s shares are short sold.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

Invesco S&P SmallCap Utilities & Communication Services ETF stock traded down $0.88 during trading on Monday, reaching $63.78. 204 shares of the company were exchanged, compared to its average volume of 5,821. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52-week low of $53.43 and a 52-week high of $66.85. The company has a market capitalization of $15.31 million, a P/E ratio of 18.18 and a beta of 0.74. The stock’s 50 day simple moving average is $61.76 and its two-hundred day simple moving average is $59.57.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.1155 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.46 annualized dividend and a yield of 0.7%.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $58,000. Global Retirement Partners LLC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% during the third quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock worth $199,000 after acquiring an additional 411 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after acquiring an additional 202 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter worth $501,000. Finally, Virtu Financial LLC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after acquiring an additional 4,378 shares during the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.