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

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 11 shares, a decline of 92.8% from the October 15th total of 152 shares. Based on an average trading volume of 1,858 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

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

A number of hedge funds have recently added to or reduced their stakes in PSCM. Private Advisor Group LLC grew its holdings in shares of Invesco S&P SmallCap Materials ETF by 4.1% in the third quarter. Private Advisor Group LLC now owns 3,219 shares of the company’s stock worth $303,000 after acquiring an additional 126 shares during the period. Independent Wealth Network Inc. bought a new position in Invesco S&P SmallCap Materials ETF in the third quarter valued at about $778,000. Pacific Sun Financial Corp bought a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at about $214,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at about $538,000.

Invesco S&P SmallCap Materials ETF Stock Up 1.2%

PSCM opened at $91.72 on Wednesday. The firm has a 50 day moving average price of $94.60 and a 200-day moving average price of $98.92. Invesco S&P SmallCap Materials ETF has a twelve month low of $72.75 and a twelve month high of $110.02. The stock has a market capitalization of $18.34 million, a price-to-earnings ratio of 19.82 and a beta of 1.06.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.2517 dividend. This is a drop from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.01 dividend on an annualized basis and a yield of 1.1%.

About Invesco S&P SmallCap Materials ETF

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.