Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Short Interest Update

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 8,286 shares, a drop of 21.6% from the February 26th total of 10,572 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 9,743 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Staples ETF

A number of institutional investors and hedge funds have recently modified their holdings of PSCC. Founders Financial Alliance LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF during the third quarter worth approximately $40,000. Kestra Advisory Services LLC bought a new position in Invesco S&P SmallCap Consumer Staples ETF in the fourth quarter valued at approximately $101,000. Hohimer Wealth Management LLC acquired a new stake in Invesco S&P SmallCap Consumer Staples ETF during the 4th quarter worth $240,000. Cornerstone Wealth Management LLC grew its holdings in Invesco S&P SmallCap Consumer Staples ETF by 6.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 7,629 shares of the company’s stock worth $252,000 after acquiring an additional 456 shares during the period. Finally, Summit Financial Consulting LLC raised its position in shares of Invesco S&P SmallCap Consumer Staples ETF by 11.8% during the 3rd quarter. Summit Financial Consulting LLC now owns 9,388 shares of the company’s stock valued at $309,000 after acquiring an additional 994 shares during the last quarter.

Invesco S&P SmallCap Consumer Staples ETF Stock Down 0.1%

PSCC stock traded down $0.04 during midday trading on Monday, reaching $31.21. The stock had a trading volume of 15,070 shares, compared to its average volume of 13,878. The firm has a market cap of $32.46 million, a price-to-earnings ratio of 14.43 and a beta of 0.60. Invesco S&P SmallCap Consumer Staples ETF has a twelve month low of $30.60 and a twelve month high of $36.65. The business has a fifty day simple moving average of $33.53 and a two-hundred day simple moving average of $32.58.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.