Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Stock Short Interest Climbs 61.4%

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 970 shares, an increase of 61.4% from the September 15th total of 601 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 450 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Invesco S&P SmallCap Consumer Discretionary ETF

An institutional investor recently bought a new stake in Invesco S&P SmallCap Consumer Discretionary ETF stock. Citadel Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,853 shares of the company’s stock, valued at approximately $338,000. Citadel Advisors LLC owned approximately 1.43% of Invesco S&P SmallCap Consumer Discretionary ETF as of its most recent filing with the Securities and Exchange Commission.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Up 0.7%

NASDAQ:PSCD traded up $0.79 during mid-day trading on Friday, reaching $111.37. 38 shares of the company were exchanged, compared to its average volume of 2,569. Invesco S&P SmallCap Consumer Discretionary ETF has a 12 month low of $95.84 and a 12 month high of $122.57. The company has a fifty day moving average of $113.47 and a 200 day moving average of $112.27. The stock has a market cap of $23.39 million, a PE ratio of 12.91 and a beta of 1.21.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a dividend of $0.2351 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.8%. This is a decrease from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.2943. The ex-dividend date of this dividend was Monday, September 21st.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.