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

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 951 shares, an increase of 64.8% from the September 15th total of 577 shares. Based on an average daily volume of 580 shares, the short-interest ratio is currently 1.6 days. Currently, 0.5% of the company’s shares are short sold.

Invesco S&P SmallCap Materials ETF Stock Down 0.6%

PSCM stock traded down $0.54 during mid-day trading on Friday, hitting $93.21. 694 shares of the company were exchanged, compared to its average volume of 2,428. Invesco S&P SmallCap Materials ETF has a 12-month low of $72.75 and a 12-month high of $110.02. The firm has a market capitalization of $19.57 million, a P/E ratio of 17.06 and a beta of 1.04. The business has a fifty day simple moving average of $97.76 and a 200-day simple moving average of $100.58.

Invesco S&P SmallCap Materials ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

A number of hedge funds have recently made changes to their positions in the stock. Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the 1st quarter valued at approximately $205,000. Pacific Sun Financial Corp acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter valued at $214,000. Private Advisor Group LLC acquired a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter valued at $282,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $538,000.

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.