Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Drops By 82.7%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 677 shares, a drop of 82.7% from the April 30th total of 3,906 shares. Based on an average daily trading volume, of 4,520 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Invesco S&P SmallCap Industrials ETF Price Performance

Shares of NASDAQ PSCI opened at $171.68 on Thursday. Invesco S&P SmallCap Industrials ETF has a 1 year low of $124.79 and a 1 year high of $178.02. The company has a 50 day simple moving average of $164.29 and a 200-day simple moving average of $160.62. The company has a market capitalization of $171.68 million, a P/E ratio of 23.47 and a beta of 1.17.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.2176 dividend. This represents a $0.87 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco S&P SmallCap Industrials ETF

Several institutional investors and hedge funds have recently modified their holdings of PSCI. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 1st quarter valued at $1,547,000. Hohimer Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Industrials ETF during the 4th quarter worth about $1,098,000. Jane Street Group LLC purchased a new stake in Invesco S&P SmallCap Industrials ETF during the 1st quarter worth about $802,000. Bank of America Corp DE increased its holdings in Invesco S&P SmallCap Industrials ETF by 3.9% during the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock worth $24,913,000 after purchasing an additional 6,005 shares during the period. Finally, Independent Wealth Network Inc. purchased a new stake in Invesco S&P SmallCap Industrials ETF during the 1st quarter worth about $835,000.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.