Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 152 shares, a decrease of 84.0% from the September 30th total of 951 shares. Based on an average daily trading volume, of 778 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF
Several hedge funds have recently modified their holdings of PSCM. Independent Wealth Network Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF in the 3rd quarter worth approximately $778,000. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at approximately $538,000. Private Advisor Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at approximately $282,000. Pacific Sun Financial Corp acquired a new position in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at approximately $214,000. Finally, Essex Financial Services Inc. acquired a new position in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at approximately $205,000.
Invesco S&P SmallCap Materials ETF Price Performance
Invesco S&P SmallCap Materials ETF stock traded up $2.23 during midday trading on Tuesday, reaching $93.74. The company’s stock had a trading volume of 13,957 shares, compared to its average volume of 2,440. The stock’s 50-day simple moving average is $96.50 and its 200-day simple moving average is $98.95. Invesco S&P SmallCap Materials ETF has a 52-week low of $72.75 and a 52-week high of $110.02. The stock has a market capitalization of $19.69 million, a P/E ratio of 17.06 and a beta of 1.04.
Invesco S&P SmallCap Materials ETF Cuts Dividend
The firm 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 $0.2517 per share. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.1%.
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.
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