Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Expands By 183.3%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,700 shares, an increase of 183.3% from the February 28th total of 600 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 0.9 days.

Invesco S&P SmallCap Materials ETF Stock Up 0.1 %

Invesco S&P SmallCap Materials ETF stock opened at $68.54 on Thursday. Invesco S&P SmallCap Materials ETF has a 52-week low of $67.33 and a 52-week high of $86.48. The firm’s fifty day moving average is $72.62 and its 200 day moving average is $76.33. The company has a market cap of $15.76 million, a price-to-earnings ratio of 18.05 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.1361 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. EP Wealth Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF during the 4th quarter worth about $128,000. Harbor Capital Advisors Inc. bought a new stake in Invesco S&P SmallCap Materials ETF during the 4th quarter valued at about $219,000. Finally, Virtu Financial LLC boosted its position in Invesco S&P SmallCap Materials ETF by 35.1% in the 4th quarter. Virtu Financial LLC now owns 11,702 shares of the company’s stock valued at $862,000 after buying an additional 3,042 shares during the period.

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.