Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Up 126.1% in March

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 5,200 shares, an increase of 126.1% from the March 15th total of 2,300 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Invesco S&P SmallCap Financials ETF by 343.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,021 shares of the company’s stock worth $56,000 after buying an additional 791 shares in the last quarter. J2 Capital Management Inc purchased a new position in Invesco S&P SmallCap Financials ETF in the 4th quarter worth $257,000. Raymond James Financial Inc. purchased a new stake in Invesco S&P SmallCap Financials ETF in the fourth quarter valued at approximately $290,000. Bank of America Corp DE increased its stake in shares of Invesco S&P SmallCap Financials ETF by 34.0% in the fourth quarter. Bank of America Corp DE now owns 5,290 shares of the company’s stock worth $293,000 after acquiring an additional 1,341 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Invesco S&P SmallCap Financials ETF by 13.1% during the 4th quarter. LPL Financial LLC now owns 5,945 shares of the company’s stock valued at $329,000 after buying an additional 687 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Trading Up 0.7 %

PSCF stock opened at $48.49 on Wednesday. Invesco S&P SmallCap Financials ETF has a 12 month low of $44.43 and a 12 month high of $62.24. The stock has a market cap of $18.43 million, a PE ratio of 12.23 and a beta of 0.97. The company has a 50-day moving average price of $52.97 and a 200 day moving average price of $55.59.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.1547 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.