Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Drops By 27.8%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 1,181 shares, a decrease of 27.8% from the March 15th total of 1,635 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 2,923 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P SmallCap Materials ETF Stock Down 1.1%

Shares of PSCM traded down $1.14 during mid-day trading on Wednesday, hitting $101.11. The stock had a trading volume of 3,641 shares, compared to its average volume of 3,616. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $59.18 and a fifty-two week high of $106.13. The company has a market cap of $20.22 million, a PE ratio of 17.06 and a beta of 1.04. The company’s fifty day simple moving average is $98.02 and its two-hundred day simple moving average is $87.94.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Several institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its holdings in shares of Invesco S&P SmallCap Materials ETF by 13.6% during the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,963 shares during the period. Citadel Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the 3rd quarter valued at about $243,000. Jane Street Group LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the 4th quarter valued at about $226,000. Finally, Raymond James Financial Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF during the second quarter worth about $53,000.

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. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.