Short Interest in Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Rises By 1,075.3%

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,046 shares, a growth of 1,075.3% from the May 14th total of 89 shares. Based on an average daily trading volume, of 2,048 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Performance

Shares of NASDAQ PSCD traded up $1.83 during trading on Tuesday, hitting $111.56. The company had a trading volume of 1,461 shares, compared to its average volume of 4,274. The stock has a 50 day simple moving average of $107.02 and a 200 day simple moving average of $108.26. Invesco S&P SmallCap Consumer Discretionary ETF has a 12 month low of $95.84 and a 12 month high of $117.10. The firm has a market capitalization of $23.43 million, a P/E ratio of 12.91 and a beta of 1.21.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.3371 dividend. This represents a $1.35 annualized dividend and a dividend yield of 1.2%. This is an increase from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PSCD. Jones Financial Companies Lllp raised its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 18,166.1% in the first quarter. Jones Financial Companies Lllp now owns 10,777 shares of the company’s stock worth $993,000 after buying an additional 10,718 shares during the period. EP Wealth Advisors LLC grew its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 6.9% during the second quarter. EP Wealth Advisors LLC now owns 11,357 shares of the company’s stock worth $1,143,000 after purchasing an additional 735 shares in the last quarter. Virtu Financial LLC grew its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 9.0% during the third quarter. Virtu Financial LLC now owns 14,150 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,169 shares in the last quarter. LPL Financial LLC grew its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 10.2% during the fourth quarter. LPL Financial LLC now owns 3,670 shares of the company’s stock worth $385,000 after purchasing an additional 340 shares in the last quarter. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $614,000.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

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.