Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Sees Large Increase in Short Interest

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 18,000 shares, an increase of 520.7% from the October 31st total of 2,900 shares. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is currently 3.1 days.

Invesco S&P SmallCap Industrials ETF Stock Down 0.5 %

PSCI traded down $0.78 during midday trading on Thursday, reaching $146.91. 8,628 shares of the company’s stock were exchanged, compared to its average volume of 6,981. The firm has a market capitalization of $217.43 million, a price-to-earnings ratio of 18.19 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a one year low of $103.00 and a one year high of $150.72. The business has a 50-day simple moving average of $135.91 and a two-hundred day simple moving average of $128.34.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.318 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.27 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Riggs Asset Managment Co. Inc. bought a new position in shares of Invesco S&P SmallCap Industrials ETF in the third quarter valued at approximately $28,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the second quarter valued at approximately $73,000. Kessler Investment Group LLC increased its holdings in shares of Invesco S&P SmallCap Industrials ETF by 1,255.1% in the third quarter. Kessler Investment Group LLC now owns 1,057 shares of the company’s stock valued at $140,000 after purchasing an additional 979 shares in the last quarter. Marcum Wealth LLC acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the third quarter valued at approximately $200,000. Finally, Source Financial Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the third quarter valued at approximately $217,000.

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.