Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Up 1,246.5% in June

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,157 shares, a growth of 1,246.5% from the June 15th total of 383 shares. Based on an average daily trading volume, of 1,944 shares, the short-interest ratio is presently 2.7 days. Currently, 2.6% of the company’s stock are sold short.

Invesco S&P SmallCap Materials ETF Stock Up 0.0%

Shares of NASDAQ PSCM traded up $0.02 during trading hours on Friday, hitting $97.47. 169 shares of the stock were exchanged, compared to its average volume of 3,004. Invesco S&P SmallCap Materials ETF has a 12 month low of $71.35 and a 12 month high of $110.02. The firm has a fifty day moving average price of $103.78 and a 200-day moving average price of $98.75. The company has a market cap of $19.50 million, a PE ratio of 17.06 and a beta of 1.02.

Invesco S&P SmallCap Materials ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.2677 dividend. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Materials ETF

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap Materials ETF during the 2nd quarter worth $53,000. Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the first quarter worth about $205,000. Pacific Sun Financial Corp acquired a new stake in Invesco S&P SmallCap Materials ETF in the first quarter worth about $214,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the fourth quarter worth about $226,000. Finally, Private Advisor Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the first quarter valued at about $282,000.

About Invesco S&P SmallCap Materials ETF

(Get Free Report)

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. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.

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