Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Large Drop in Short Interest

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 2,900 shares, a decline of 39.6% from the September 15th total of 4,800 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Invesco S&P SmallCap Consumer Staples ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Family Firm Inc. purchased a new position in shares of Invesco S&P SmallCap Consumer Staples ETF in the 2nd quarter valued at about $81,000. Novak & Powell Financial Services Inc. acquired a new stake in shares of Invesco S&P SmallCap Consumer Staples ETF in the fourth quarter valued at approximately $217,000. CreativeOne Wealth LLC purchased a new position in shares of Invesco S&P SmallCap Consumer Staples ETF during the 1st quarter worth $281,000. Virtu Financial LLC acquired a new position in shares of Invesco S&P SmallCap Consumer Staples ETF during the 1st quarter valued at about $413,000. Finally, Systelligence LLC grew its holdings in shares of Invesco S&P SmallCap Consumer Staples ETF by 4.0% in the first quarter. Systelligence LLC now owns 316,770 shares of the company’s stock valued at $11,793,000 after purchasing an additional 12,043 shares during the period.

Invesco S&P SmallCap Consumer Staples ETF Stock Performance

NASDAQ PSCC traded up $0.42 during trading hours on Friday, reaching $37.62. The stock had a trading volume of 868 shares, compared to its average volume of 11,585. The stock has a fifty day moving average of $37.06 and a 200 day moving average of $36.44. The stock has a market cap of $53.42 million, a P/E ratio of 6.66 and a beta of 0.70. Invesco S&P SmallCap Consumer Staples ETF has a 52-week low of $32.80 and a 52-week high of $39.00.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.71%. This is a positive change from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.