Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Significant Decrease in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 800 shares, a drop of 27.3% from the August 15th total of 1,100 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Financials ETF

Several hedge funds have recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the fourth quarter worth about $402,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the fourth quarter worth about $1,558,000. Virtu Financial LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the first quarter worth about $876,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the second quarter worth about $191,000.

Invesco S&P SmallCap Financials ETF Stock Performance

NASDAQ:PSCF traded up $1.32 during mid-day trading on Friday, hitting $54.89. 658 shares of the company’s stock traded hands, compared to its average volume of 1,907. The firm’s 50 day simple moving average is $52.99 and its 200 day simple moving average is $49.09. Invesco S&P SmallCap Financials ETF has a 1 year low of $38.34 and a 1 year high of $55.93. The company has a market cap of $20.31 million, a PE ratio of 13.50 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.1829 per share. The ex-dividend date was Monday, June 24th. This represents a $0.73 annualized dividend and a yield of 1.33%.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.