Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Large Increase in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 2,923 shares, a growth of 3,421.7% from the June 15th total of 83 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 2,002 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC boosted its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after acquiring an additional 12,219 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the first quarter valued at approximately $501,000. Virtu Financial LLC raised its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after purchasing an additional 4,378 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth $58,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares during the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

NASDAQ PSCU traded down $0.19 on Friday, reaching $64.48. The company had a trading volume of 5,645 shares, compared to its average volume of 4,382. The company’s fifty day moving average is $64.62 and its 200-day moving average is $61.49. The firm has a market capitalization of $17.41 million, a price-to-earnings ratio of 18.18 and a beta of 0.72. Invesco S&P SmallCap Utilities & Communication Services ETF has a 1-year low of $53.43 and a 1-year high of $66.85.

Invesco S&P SmallCap Utilities & Communication Services ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.0282 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, June 22nd.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.