Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Update

Posted by Gary Stephens on Oct 25th, 2024

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

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

A hedge fund recently raised its stake in Invesco S&P SmallCap Materials ETF stock. Virtu Financial LLC lifted its holdings in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Free Report) by 23.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 15,328 shares of the company’s stock after acquiring an additional 2,893 shares during the period. Virtu Financial LLC owned approximately 6.97% of Invesco S&P SmallCap Materials ETF worth $1,145,000 as of its most recent filing with the SEC.

Invesco S&P SmallCap Materials ETF Stock Up 0.2 %

Invesco S&P SmallCap Materials ETF stock traded up $0.18 during mid-day trading on Friday, reaching $77.09. The company had a trading volume of 498 shares, compared to its average volume of 1,206. The company has a 50 day moving average of $77.22 and a 200-day moving average of $77.13. The firm has a market cap of $17.73 million, a price-to-earnings ratio of 14.55 and a beta of 1.29. Invesco S&P SmallCap Materials ETF has a 52 week low of $58.45 and a 52 week high of $83.31.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Monday, September 23rd.

About Invesco S&P SmallCap Materials ETF

(Get Free Report)

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.