Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Drops By 38.9%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 1,100 shares, a decline of 38.9% from the December 31st total of 1,800 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P SmallCap Financials ETF Trading Down 0.7 %

NASDAQ:PSCF traded down $0.40 during trading hours on Wednesday, hitting $56.21. The company had a trading volume of 4,540 shares, compared to its average volume of 3,047. Invesco S&P SmallCap Financials ETF has a 1 year low of $44.43 and a 1 year high of $62.24. The company has a 50-day moving average of $57.23 and a 200 day moving average of $55.78. The company has a market cap of $19.67 million, a P/E ratio of 13.50 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.5416 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

Several institutional investors and hedge funds have recently modified their holdings of PSCF. Gladstone Institutional Advisory LLC increased its stake in Invesco S&P SmallCap Financials ETF by 6.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 8,278 shares of the company’s stock worth $458,000 after purchasing an additional 496 shares during the period. Riggs Asset Managment Co. Inc. purchased a new stake in Invesco S&P SmallCap Financials ETF during the 3rd quarter worth approximately $28,000. Harbor Capital Advisors Inc. lifted its holdings in Invesco S&P SmallCap Financials ETF by 17.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,699 shares of the company’s stock worth $260,000 after buying an additional 688 shares in the last quarter. Kessler Investment Group LLC increased its position in shares of Invesco S&P SmallCap Financials ETF by 939.0% during the third quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock worth $262,000 after acquiring an additional 4,282 shares during the period. Finally, J2 Capital Management Inc purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the fourth quarter worth approximately $257,000.

Invesco S&P SmallCap Financials ETF Company Profile

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.