Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Large Growth in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 2,528 shares, a growth of 106.0% from the June 15th total of 1,227 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,376 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Invesco S&P SmallCap Financials ETF

Several large investors have recently made changes to their positions in PSCF. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter worth about $220,000. Tower Research Capital LLC TRC lifted its stake in Invesco S&P SmallCap Financials ETF by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after acquiring an additional 1,263 shares in the last quarter. Virtu Financial LLC boosted its holdings in Invesco S&P SmallCap Financials ETF by 21.6% during the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after acquiring an additional 1,229 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Invesco S&P SmallCap Financials ETF by 4.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock worth $1,889,000 after acquiring an additional 1,545 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Invesco S&P SmallCap Financials ETF by 5.9% in the 4th quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock worth $315,000 after acquiring an additional 306 shares in the last quarter.

Invesco S&P SmallCap Financials ETF Trading Up 1.0%

Invesco S&P SmallCap Financials ETF stock traded up $0.69 during mid-day trading on Wednesday, reaching $66.71. The company had a trading volume of 2,928 shares, compared to its average volume of 3,693. The business has a fifty day simple moving average of $62.99 and a 200 day simple moving average of $60.58. The company has a market cap of $27.35 million, a P/E ratio of 15.25 and a beta of 0.93. Invesco S&P SmallCap Financials ETF has a fifty-two week low of $53.10 and a fifty-two week high of $67.03.

Invesco S&P SmallCap Financials ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.3128 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.25 annualized dividend and a dividend yield of 1.9%.

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).