Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Get Free Report) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 4,604 shares, a growth of 522.2% from the October 15th total of 740 shares. Based on an average daily volume of 6,580 shares, the short-interest ratio is currently 0.7 days. Currently, 1.0% of the shares of the company are short sold.
Invesco S&P SmallCap Financials ETF Stock Performance
NASDAQ PSCF traded down $0.85 during trading on Friday, reaching $63.44. The company’s stock had a trading volume of 126 shares, compared to its average volume of 3,772. The business’s fifty day moving average price is $62.84 and its 200-day moving average price is $62.45. Invesco S&P SmallCap Financials ETF has a twelve month low of $54.30 and a twelve month high of $68.60. The firm has a market cap of $29.82 million, a price-to-earnings ratio of 13.92 and a beta of 0.96.
Invesco S&P SmallCap Financials ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a dividend of $0.3868 per share. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 21st.
Hedge Funds Weigh In On Invesco S&P SmallCap Financials ETF
An institutional investor recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Envestnet Asset Management Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 9,826 shares of the company’s stock, valued at approximately $639,000. Envestnet Asset Management Inc. owned 2.18% of Invesco S&P SmallCap Financials ETF at the end of the most recent quarter.
About Invesco S&P SmallCap Financials ETF
PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).
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