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

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,100 shares, a drop of 54.4% from the February 13th total of 6,800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap Industrials ETF Price Performance

Shares of PSCI opened at $121.60 on Friday. Invesco S&P SmallCap Industrials ETF has a 1-year low of $117.43 and a 1-year high of $150.72. The company has a 50-day moving average of $134.32 and a 200 day moving average of $135.08. The firm has a market capitalization of $193.35 million, a price-to-earnings ratio of 22.64 and a beta of 1.24.

Invesco S&P SmallCap Industrials ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.2373 per share. The ex-dividend date was Monday, December 23rd.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its holdings in Invesco S&P SmallCap Industrials ETF by 542.5% during the 4th quarter. Jones Financial Companies Lllp now owns 257 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. Avion Wealth bought a new stake in Invesco S&P SmallCap Industrials ETF during the 4th quarter valued at about $67,000. Savant Capital LLC bought a new stake in Invesco S&P SmallCap Industrials ETF during the 4th quarter valued at about $214,000. Gladstone Institutional Advisory LLC bought a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 4th quarter valued at about $226,000. Finally, Elm3 Financial Group LLC bought a new stake in shares of Invesco S&P SmallCap Industrials ETF in the 4th quarter valued at about $245,000.

Invesco S&P SmallCap Industrials ETF Company Profile

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.