Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 9,126 shares, a growth of 77.0% from the June 30th total of 5,157 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average trading volume of 3,124 shares, the days-to-cover ratio is presently 2.9 days.

Invesco S&P SmallCap Materials ETF Stock Performance

NASDAQ PSCM remained flat at $94.03 on Thursday. 1,123 shares of the company traded hands, compared to its average volume of 2,951. The stock has a market capitalization of $19.75 million, a P/E ratio of 17.06 and a beta of 1.02. The stock’s 50 day moving average is $101.88 and its two-hundred day moving average is $99.88. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $71.35 and a fifty-two week high of $110.02.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.2677 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.07 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSCM. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF during the second quarter valued at approximately $53,000. Virtu Financial LLC lifted its holdings in shares of Invesco S&P SmallCap Materials ETF by 13.6% in the 3rd 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 in the last quarter. Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $205,000. Pacific Sun Financial Corp bought a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $214,000. Finally, Jane Street Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the fourth quarter worth $226,000.

About Invesco S&P SmallCap Materials ETF

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.