Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Up 284.0% in December

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 1,732 shares, a growth of 284.0% from the November 30th total of 451 shares. Based on an average trading volume of 2,178 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 2,178 shares, the short-interest ratio is presently 0.8 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in shares of Invesco S&P SmallCap Financials ETF by 2,000.8% in the first quarter. Jones Financial Companies Lllp now owns 21,449 shares of the company’s stock worth $1,197,000 after purchasing an additional 20,428 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Invesco S&P SmallCap Financials ETF by 19.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 38,632 shares of the company’s stock valued at $2,097,000 after purchasing an additional 6,333 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Invesco S&P SmallCap Financials ETF in the 1st quarter valued at approximately $220,000. Tower Research Capital LLC TRC increased its position in Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after buying an additional 1,263 shares during the period. Finally, Virtu Financial LLC increased its position in Invesco S&P SmallCap Financials ETF by 21.6% in the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after buying an additional 1,229 shares during the period.

Invesco S&P SmallCap Financials ETF Price Performance

PSCF traded up $0.26 on Thursday, hitting $58.73. The company had a trading volume of 140 shares, compared to its average volume of 1,939. The stock has a market cap of $19.38 million, a price-to-earnings ratio of 15.25 and a beta of 1.02. The company’s fifty day moving average price is $56.64 and its 200 day moving average price is $56.34. Invesco S&P SmallCap Financials ETF has a 1-year low of $45.14 and a 1-year high of $60.13.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.2941 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.0%.

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).