Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Decreases By 34.9%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 441 shares, a decline of 34.9% from the May 14th total of 677 shares. Based on an average daily volume of 1,688 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Invesco S&P SmallCap Industrials ETF

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 133.3% in the 4th quarter. Farther Finance Advisors LLC now owns 700 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth about $213,000. Novak & Powell Financial Services Inc. bought a new position in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth about $219,000. JPMorgan Chase & Co. grew its position in shares of Invesco S&P SmallCap Industrials ETF by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 2,039 shares of the company’s stock worth $305,000 after acquiring an additional 103 shares during the last quarter. Finally, MML Investors Services LLC grew its position in shares of Invesco S&P SmallCap Industrials ETF by 6.0% during the fourth quarter. MML Investors Services LLC now owns 4,826 shares of the company’s stock worth $724,000 after acquiring an additional 274 shares during the last quarter.

Invesco S&P SmallCap Industrials ETF Stock Up 0.5%

PSCI stock traded up $0.94 during trading on Wednesday, hitting $178.74. 3,387 shares of the company’s stock traded hands, compared to its average volume of 5,414. Invesco S&P SmallCap Industrials ETF has a 52 week low of $126.03 and a 52 week high of $180.28. The stock has a fifty day moving average price of $169.51 and a two-hundred day moving average price of $163.42. The stock has a market capitalization of $178.74 million, a price-to-earnings ratio of 23.47 and a beta of 1.15.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.2176 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 annualized dividend and a dividend yield of 0.5%.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.