Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Up 138.5% in May

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,722 shares, a growth of 138.5% from the May 14th total of 722 shares. Based on an average daily volume of 907 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

A number of institutional investors and hedge funds have recently modified their holdings of PSCF. Founders Financial Alliance LLC acquired a new stake in shares of Invesco S&P SmallCap Financials ETF during the third quarter worth about $32,000. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P SmallCap Financials ETF during the first quarter worth about $220,000. LPL Financial LLC lifted its holdings in shares of Invesco S&P SmallCap Financials ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock worth $315,000 after purchasing an additional 306 shares during the period. Virtu Financial LLC lifted its holdings in shares of Invesco S&P SmallCap Financials ETF by 21.6% during the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after purchasing an additional 1,229 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Invesco S&P SmallCap Financials ETF by 13.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after purchasing an additional 1,263 shares during the period.

Invesco S&P SmallCap Financials ETF Stock Up 1.0%

Shares of Invesco S&P SmallCap Financials ETF stock traded up $0.65 on Friday, reaching $63.90. 2,585 shares of the stock were exchanged, compared to its average volume of 4,006. Invesco S&P SmallCap Financials ETF has a twelve month low of $52.13 and a twelve month high of $64.14. The firm has a market capitalization of $25.56 million, a price-to-earnings ratio of 15.25 and a beta of 0.94. The business has a 50 day moving average price of $61.23 and a two-hundred day moving average price of $59.52.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.4002 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).