Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Drops By 86.1%

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 474 shares, a decline of 86.1% from the July 30th total of 3,415 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,199 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

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

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Down 0.1%

Invesco S&P SmallCap Utilities & Communication Services ETF stock traded down $0.08 during mid-day trading on Wednesday, hitting $65.24. 415 shares of the company were exchanged, compared to its average volume of 3,722. The business has a fifty day moving average of $64.86 and a 200 day moving average of $63.03. Invesco S&P SmallCap Utilities & Communication Services ETF has a 1-year low of $55.63 and a 1-year high of $66.85. The company has a market capitalization of $17.61 million, a PE ratio of 18.18 and a beta of 0.73.

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

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

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.