Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Sees Large Increase in Short Interest

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 5,274 shares, a growth of 111.0% from the April 15th total of 2,500 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 59,978 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P SmallCap Energy ETF Stock Up 0.4%

PSCE stock traded up $0.25 during trading on Friday, hitting $62.20. The company had a trading volume of 23,026 shares, compared to its average volume of 47,979. The firm has a market capitalization of $120.05 million, a P/E ratio of 9.69 and a beta of 0.75. Invesco S&P SmallCap Energy ETF has a 52-week low of $36.01 and a 52-week high of $64.17. The company has a 50 day simple moving average of $60.00 and a 200-day simple moving average of $51.41.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3347 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.34 annualized dividend and a yield of 2.2%. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.30.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PSCE. Farther Finance Advisors LLC increased its stake in Invesco S&P SmallCap Energy ETF by 62.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,600 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares during the period. Cetera Investment Advisers bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 4th quarter worth $204,000. Kazazian Asset Management LLC purchased a new position in shares of Invesco S&P SmallCap Energy ETF during the third quarter valued at $213,000. Osaic Holdings Inc. increased its stake in shares of Invesco S&P SmallCap Energy ETF by 47.1% during the second quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after buying an additional 1,839 shares during the period. Finally, Walkner Condon Financial Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the third quarter valued at about $236,000.

About Invesco S&P SmallCap Energy ETF

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.