Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Sees Large Increase in Short Interest

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 18,000 shares, an increase of 520.7% from the October 31st total of 2,900 shares. Based on an average trading volume of 5,900 shares, the short-interest ratio is presently 3.1 days.

Invesco S&P SmallCap Industrials ETF Stock Performance

Shares of NASDAQ:PSCI traded down $0.78 during midday trading on Thursday, hitting $146.91. 8,628 shares of the stock were exchanged, compared to its average volume of 6,981. Invesco S&P SmallCap Industrials ETF has a 52-week low of $103.00 and a 52-week high of $150.72. The business’s fifty day simple moving average is $135.91 and its two-hundred day simple moving average is $128.34. The company has a market capitalization of $217.43 million, a PE ratio of 18.19 and a beta of 1.24.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a yield of 0.87%. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, September 23rd.

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

Several hedge funds have recently bought and sold shares of PSCI. Envestnet Asset Management Inc. grew its position in shares of Invesco S&P SmallCap Industrials ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 189,026 shares of the company’s stock valued at $22,694,000 after purchasing an additional 4,421 shares during the last quarter. RiverFront Investment Group LLC grew its position in shares of Invesco S&P SmallCap Industrials ETF by 10.6% in the second quarter. RiverFront Investment Group LLC now owns 136,872 shares of the company’s stock valued at $16,433,000 after purchasing an additional 13,118 shares during the last quarter. Raymond James & Associates grew its position in shares of Invesco S&P SmallCap Industrials ETF by 3.2% in the second quarter. Raymond James & Associates now owns 73,759 shares of the company’s stock valued at $8,856,000 after purchasing an additional 2,280 shares during the last quarter. Bogart Wealth LLC grew its position in shares of Invesco S&P SmallCap Industrials ETF by 6.1% in the third quarter. Bogart Wealth LLC now owns 16,503 shares of the company’s stock valued at $2,183,000 after purchasing an additional 955 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Invesco S&P SmallCap Industrials ETF by 14.1% in the third quarter. Private Advisor Group LLC now owns 14,395 shares of the company’s stock valued at $1,904,000 after purchasing an additional 1,778 shares during the last quarter.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.