Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Grows By 100.0%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 200 shares, an increase of 100.0% from the August 31st total of 100 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds have recently added to or reduced their stakes in PSCF. Bank of America Corp DE increased its holdings in Invesco S&P SmallCap Financials ETF by 34.0% in the fourth quarter. Bank of America Corp DE now owns 5,290 shares of the company’s stock worth $293,000 after purchasing an additional 1,341 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Invesco S&P SmallCap Financials ETF by 285.0% during the first quarter. Harbor Capital Advisors Inc. now owns 32,299 shares of the company’s stock valued at $1,710,000 after acquiring an additional 23,910 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Invesco S&P SmallCap Financials ETF during the first quarter valued at approximately $503,000. Virtu Financial LLC bought a new stake in shares of Invesco S&P SmallCap Financials ETF during the first quarter valued at approximately $351,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Invesco S&P SmallCap Financials ETF by 2,000.8% during the first quarter. Jones Financial Companies Lllp now owns 21,449 shares of the company’s stock valued at $1,197,000 after acquiring an additional 20,428 shares in the last quarter.

Invesco S&P SmallCap Financials ETF Stock Performance

Shares of PSCF stock opened at $57.33 on Friday. The company has a market cap of $18.92 million, a P/E ratio of 15.25 and a beta of 1.03. The stock has a 50 day simple moving average of $57.27 and a two-hundred day simple moving average of $54.17. Invesco S&P SmallCap Financials ETF has a fifty-two week low of $45.14 and a fifty-two week high of $62.24.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.418 dividend. The ex-dividend date was Monday, September 22nd. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.34. This represents a $1.67 dividend on an annualized basis and a yield of 2.9%.

Invesco S&P SmallCap Financials ETF Company Profile

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.