Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,625 shares, a decrease of 75.0% from the April 15th total of 6,497 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,002 shares, the short-interest ratio is currently 0.3 days.

Invesco S&P SmallCap Consumer Staples ETF Stock Performance

Shares of NASDAQ PSCC traded down $0.08 during trading on Wednesday, hitting $32.37. The company had a trading volume of 6,308 shares, compared to its average volume of 11,448. The company has a market cap of $33.02 million, a P/E ratio of 14.43 and a beta of 0.63. Invesco S&P SmallCap Consumer Staples ETF has a 52 week low of $30.60 and a 52 week high of $36.65. The business’s 50-day moving average is $32.50 and its 200 day moving average is $32.47.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.52 annualized dividend and a dividend yield of 1.6%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Management LLC raised its stake in Invesco S&P SmallCap Consumer Staples ETF by 6.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 7,629 shares of the company’s stock valued at $252,000 after purchasing an additional 456 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 6.8% in the third quarter. Bank of America Corp DE now owns 14,391 shares of the company’s stock worth $474,000 after acquiring an additional 917 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 4.6% in the second quarter. Raymond James Financial Inc. now owns 22,152 shares of the company’s stock worth $737,000 after acquiring an additional 976 shares during the last quarter. Founders Financial Alliance LLC acquired a new position in shares of Invesco S&P SmallCap Consumer Staples ETF in the third quarter worth $40,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 13.7% in the second quarter. Ameriprise Financial Inc. now owns 14,081 shares of the company’s stock worth $468,000 after acquiring an additional 1,693 shares during the last quarter.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.