Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Down 50.0% in January

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 100 shares, a drop of 50.0% from the January 15th total of 200 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of institutional investors have recently modified their holdings of PSCM. Virtu Financial LLC increased its stake in Invesco S&P SmallCap Materials ETF by 35.1% during the 4th quarter. Virtu Financial LLC now owns 11,702 shares of the company’s stock valued at $862,000 after purchasing an additional 3,042 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the fourth quarter worth about $219,000. Kessler Investment Group LLC raised its holdings in shares of Invesco S&P SmallCap Materials ETF by 630.5% in the 3rd quarter. Kessler Investment Group LLC now owns 1,388 shares of the company’s stock worth $112,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its position in Invesco S&P SmallCap Materials ETF by 4.8% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock valued at $269,000 after acquiring an additional 152 shares in the last quarter.

Invesco S&P SmallCap Materials ETF Trading Up 1.5 %

Invesco S&P SmallCap Materials ETF stock traded up $1.15 during midday trading on Thursday, reaching $75.39. The stock had a trading volume of 1,173 shares, compared to its average volume of 1,661. The company has a fifty day moving average price of $75.60 and a two-hundred day moving average price of $77.59. Invesco S&P SmallCap Materials ETF has a 12 month low of $70.41 and a 12 month high of $86.48. The company has a market capitalization of $17.34 million, a P/E ratio of 14.55 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.1697 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco S&P SmallCap Materials ETF Company Profile

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.