Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Short Interest Up 350.0% in April

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 6,300 shares, an increase of 350.0% from the March 31st total of 1,400 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is presently 0.8 days.

Invesco S&P SmallCap Industrials ETF Stock Down 0.4 %

NASDAQ PSCI traded down $0.51 during trading hours on Thursday, hitting $120.84. 4,654 shares of the stock were exchanged, compared to its average volume of 8,054. The company has a market cap of $184.89 million, a price-to-earnings ratio of 17.95 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 12-month low of $88.81 and a 12-month high of $127.62. The stock has a 50-day moving average of $121.60 and a 200 day moving average of $112.34.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.1799 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Monday, March 18th.

Institutional Trading of Invesco S&P SmallCap Industrials ETF

Hedge funds have recently modified their holdings of the business. Raymond James & Associates lifted its holdings in Invesco S&P SmallCap Industrials ETF by 0.9% in the first quarter. Raymond James & Associates now owns 71,479 shares of the company’s stock valued at $9,069,000 after acquiring an additional 604 shares during the period. Valley National Advisers Inc. increased its holdings in Invesco S&P SmallCap Industrials ETF by 106.8% in the first quarter. Valley National Advisers Inc. now owns 2,446 shares of the company’s stock valued at $310,000 after buying an additional 1,263 shares in the last quarter. Novak & Powell Financial Services Inc. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 4th quarter worth approximately $236,000. TFG Advisers LLC purchased a new position in Invesco S&P SmallCap Industrials ETF in the 4th quarter valued at approximately $225,000. Finally, LWS Wealth Advisors Inc. raised its holdings in Invesco S&P SmallCap Industrials ETF by 4.8% during the fourth quarter. LWS Wealth Advisors Inc. now owns 93,933 shares of the company’s stock worth $10,892,000 after purchasing an additional 4,321 shares during the last quarter.

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.