Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Update

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,181 shares, a growth of 26.0% from the December 31st total of 2,525 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 2,188 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 2,188 shares, the short-interest ratio is currently 1.5 days. Currently, 0.9% of the shares of the company are sold short.

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

A number of large investors have recently bought and sold shares of the business. Founders Financial Alliance LLC acquired a new stake in Invesco S&P SmallCap Financials ETF in the third quarter valued at approximately $32,000. Virtu Financial LLC increased its holdings in Invesco S&P SmallCap Financials ETF by 21.6% in the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after acquiring an additional 1,229 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Invesco S&P SmallCap Financials ETF by 13.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after purchasing an additional 1,263 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Invesco S&P SmallCap Financials ETF by 4.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock worth $1,889,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF during the 1st quarter worth about $220,000.

Invesco S&P SmallCap Financials ETF Stock Up 1.5%

Shares of PSCF traded up $0.87 during mid-day trading on Wednesday, reaching $60.69. The company had a trading volume of 5,352 shares, compared to its average volume of 3,965. The stock has a 50 day moving average of $58.67 and a two-hundred day moving average of $57.31. The stock has a market capitalization of $22.45 million, a P/E ratio of 15.25 and a beta of 1.02. Invesco S&P SmallCap Financials ETF has a 52-week low of $45.14 and a 52-week high of $60.91.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.2941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.18 dividend on an annualized basis and a yield of 1.9%.

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. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).