Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Sees Significant Decrease in Short Interest

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,500 shares, a drop of 26.5% from the February 13th total of 3,400 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

A number of institutional investors have recently bought and sold shares of PSCD. Citadel Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at approximately $311,000. Tower Research Capital LLC TRC raised its position in Invesco S&P SmallCap Consumer Discretionary ETF by 19.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock worth $1,180,000 after purchasing an additional 1,730 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter valued at $569,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at about $306,000. Finally, Narus Financial Partners LLC grew its holdings in Invesco S&P SmallCap Consumer Discretionary ETF by 57.9% during the 4th quarter. Narus Financial Partners LLC now owns 4,016 shares of the company’s stock worth $437,000 after acquiring an additional 1,472 shares during the period.

Invesco S&P SmallCap Consumer Discretionary ETF Price Performance

Shares of Invesco S&P SmallCap Consumer Discretionary ETF stock traded up $1.06 during midday trading on Monday, hitting $93.18. The company had a trading volume of 1,181 shares, compared to its average volume of 1,339. The business’s 50 day simple moving average is $107.07 and its two-hundred day simple moving average is $108.81. Invesco S&P SmallCap Consumer Discretionary ETF has a 1-year low of $89.99 and a 1-year high of $119.15. The stock has a market cap of $22.36 million, a PE ratio of 12.45 and a beta of 1.42.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.2715 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.