Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Grows By 55.6%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,400 shares, a growth of 55.6% from the February 13th total of 900 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is presently 0.5 days.

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

Large investors have recently modified their holdings of the stock. Atlas Wealth LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the third quarter worth $538,000. Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Financials ETF during the fourth quarter valued at about $290,000. J2 Capital Management Inc bought a new position in Invesco S&P SmallCap Financials ETF during the fourth quarter valued at about $257,000. Harbor Capital Advisors Inc. grew its stake in shares of Invesco S&P SmallCap Financials ETF by 78.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,389 shares of the company’s stock valued at $464,000 after purchasing an additional 3,690 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Invesco S&P SmallCap Financials ETF by 34.0% in the 4th quarter. Bank of America Corp DE now owns 5,290 shares of the company’s stock valued at $293,000 after purchasing an additional 1,341 shares during the period.

Invesco S&P SmallCap Financials ETF Price Performance

PSCF traded up $1.03 on Friday, reaching $52.32. The company’s stock had a trading volume of 1,620 shares, compared to its average volume of 2,374. The business’s 50 day moving average is $55.26 and its 200 day moving average is $56.27. Invesco S&P SmallCap Financials ETF has a 1 year low of $44.43 and a 1 year high of $62.24. The stock has a market cap of $18.31 million, a price-to-earnings ratio of 13.45 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.5416 dividend. The ex-dividend date was Monday, December 23rd.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.