Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 400.0% in August

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,000 shares, an increase of 400.0% from the August 15th total of 600 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is presently 0.7 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 1.9 %

Shares of NASDAQ:PSCU traded up $1.10 during midday trading on Thursday, reaching $57.87. The company’s stock had a trading volume of 8,003 shares, compared to its average volume of 2,566. The firm has a market cap of $15.62 million, a price-to-earnings ratio of 22.59 and a beta of 0.77. The business has a 50 day moving average price of $55.55 and a 200 day moving average price of $52.36. Invesco S&P SmallCap Utilities & Communication Services ETF has a 1 year low of $46.76 and a 1 year high of $59.29.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.0125 dividend. This represents a $0.05 annualized dividend and a yield of 0.09%. The ex-dividend date was Monday, June 24th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Gladstone Institutional Advisory LLC boosted its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,314 shares of the company’s stock after purchasing an additional 392 shares during the period. Gladstone Institutional Advisory LLC owned approximately 2.91% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $504,000 at the end of the most recent reporting period.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.