Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Sees Large Decrease in Short Interest

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 40,500 shares, a drop of 50.5% from the November 30th total of 81,800 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is presently 1.2 days.

Invesco S&P SmallCap Energy ETF Price Performance

Shares of NASDAQ PSCE traded up $0.26 during midday trading on Friday, hitting $47.06. 3,457 shares of the company’s stock were exchanged, compared to its average volume of 31,849. Invesco S&P SmallCap Energy ETF has a twelve month low of $45.13 and a twelve month high of $58.38. The stock’s 50 day moving average price is $50.24 and its 200-day moving average price is $51.10. The firm has a market cap of $82.83 million, a P/E ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be given a $0.1747 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PSCE. HighTower Advisors LLC grew its position in Invesco S&P SmallCap Energy ETF by 9.1% in the third quarter. HighTower Advisors LLC now owns 17,896 shares of the company’s stock worth $877,000 after buying an additional 1,486 shares during the last quarter. Kessler Investment Group LLC boosted its position in shares of Invesco S&P SmallCap Energy ETF by 206.2% in the third quarter. Kessler Investment Group LLC now owns 1,038 shares of the company’s stock worth $51,000 after buying an additional 699 shares during the period. Finally, Blair William & Co. IL grew its stake in Invesco S&P SmallCap Energy ETF by 3.9% during the 2nd quarter. Blair William & Co. IL now owns 18,173 shares of the company’s stock valued at $956,000 after acquiring an additional 687 shares in the last quarter.

Invesco S&P SmallCap Energy ETF Company Profile

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.