Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,400 shares, a decrease of 59.0% from the February 29th total of 8,300 shares. Based on an average daily trading volume, of 18,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Wakefield Asset Management LLLP purchased a new position in Invesco S&P SmallCap Energy ETF in the third quarter valued at approximately $1,559,000. Blair William & Co. IL purchased a new stake in Invesco S&P SmallCap Energy ETF in the third quarter valued at $1,102,000. Sandy Spring Bank acquired a new position in Invesco S&P SmallCap Energy ETF in the third quarter valued at $436,000. J2 Capital Management Inc purchased a new position in shares of Invesco S&P SmallCap Energy ETF during the third quarter worth about $408,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Invesco S&P SmallCap Energy ETF during the third quarter worth about $743,000.

Invesco S&P SmallCap Energy ETF Price Performance

Shares of PSCE traded up $0.68 during midday trading on Thursday, reaching $55.78. The stock had a trading volume of 13,974 shares, compared to its average volume of 18,847. The company’s fifty day simple moving average is $51.72 and its two-hundred day simple moving average is $52.78. The company has a market cap of $240.97 million, a price-to-earnings ratio of 12.52 and a beta of 1.95. Invesco S&P SmallCap Energy ETF has a 1-year low of $41.53 and a 1-year high of $59.67.

Invesco S&P SmallCap Energy ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a dividend of $0.1793 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.29%.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.