Short Interest in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Drops By 97.4%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 97.4% from the September 30th total of 3,800 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P SmallCap Materials ETF Stock Up 0.2 %

Shares of Invesco S&P SmallCap Materials ETF stock opened at $77.09 on Friday. The firm has a market cap of $17.73 million, a price-to-earnings ratio of 14.55 and a beta of 1.29. The business has a fifty day simple moving average of $77.24 and a 200-day simple moving average of $77.15. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $58.45 and a fifty-two week high of $83.31.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.60%.

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

An institutional investor recently raised its position in Invesco S&P SmallCap Materials ETF stock. Kessler Investment Group LLC raised its stake in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) by 630.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,388 shares of the company’s stock after buying an additional 1,198 shares during the quarter. Kessler Investment Group LLC owned 0.60% of Invesco S&P SmallCap Materials ETF worth $112,000 at the end of the most recent reporting period.

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.