Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Posted by Denise Davis on Oct 25th, 2024

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a drop of 97.4% from the September 30th total of 3,800 shares. Based on an average trading volume of 900 shares, the short-interest ratio is presently 0.1 days.

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

An institutional investor recently raised its position in Invesco S&P SmallCap Materials ETF stock. Virtu Financial LLC boosted its position in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Free Report) by 23.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,328 shares of the company’s stock after purchasing an additional 2,893 shares during the period. Virtu Financial LLC owned about 6.97% of Invesco S&P SmallCap Materials ETF worth $1,145,000 at the end of the most recent quarter.

Invesco S&P SmallCap Materials ETF Trading Up 0.2 %

PSCM stock traded up $0.18 during trading on Friday, hitting $77.09. 498 shares of the stock traded hands, compared to its average volume of 1,206. Invesco S&P SmallCap Materials ETF has a one year low of $58.45 and a one year high of $83.31. The stock has a market cap of $17.73 million, a price-to-earnings ratio of 14.55 and a beta of 1.29. The company has a 50 day simple moving average of $77.22 and a 200 day simple moving average of $77.13.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.