Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 900 shares, a drop of 65.4% from the November 30th total of 2,600 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Kessler Investment Group LLC lifted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% in the 3rd quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock worth $69,000 after acquiring an additional 918 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at about $604,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth approximately $413,000. Virtu Financial LLC acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth approximately $200,000. Finally, SMART Wealth LLC purchased a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $784,000.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.4 %

Shares of PSCU stock traded up $0.24 during trading hours on Friday, reaching $60.15. 3,462 shares of the stock traded hands, compared to its average volume of 2,788. The firm has a market capitalization of $20.45 million, a PE ratio of 22.59 and a beta of 0.77. Invesco S&P SmallCap Utilities & Communication Services ETF has a 1-year low of $48.23 and a 1-year high of $67.23. The business has a fifty day moving average price of $62.63 and a 200 day moving average price of $58.00.

Invesco S&P SmallCap Utilities & Communication Services ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be issued a $0.2478 dividend. The ex-dividend date is Monday, December 23rd.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.