Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Declines By 68.0%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,922 shares, a drop of 68.0% from the July 15th total of 9,126 shares. Based on an average trading volume of 2,054 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.4% of the company’s shares are sold short.

Invesco S&P SmallCap Materials ETF Stock Up 1.5%

Shares of Invesco S&P SmallCap Materials ETF stock opened at $103.46 on Friday. Invesco S&P SmallCap Materials ETF has a 52 week low of $72.75 and a 52 week high of $110.02. The business’s fifty day simple moving average is $101.04 and its 200-day simple moving average is $100.45. The firm has a market cap of $21.73 million, a PE ratio of 17.06 and a beta of 1.03.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.2677 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PSCM. Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap Materials ETF during the second quarter worth about $53,000. Essex Financial Services Inc. purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at approximately $205,000. Pacific Sun Financial Corp purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at approximately $214,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the 4th quarter valued at approximately $226,000. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 3rd quarter worth approximately $243,000.

Invesco S&P SmallCap Materials ETF Company Profile

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.