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

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,100 shares, a decrease of 38.9% from the December 15th total of 1,800 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P SmallCap Financials ETF Price Performance

Shares of Invesco S&P SmallCap Financials ETF stock traded up $1.31 during midday trading on Tuesday, hitting $54.26. 24,606 shares of the company were exchanged, compared to its average volume of 4,138. The firm has a 50 day simple moving average of $58.03 and a 200-day simple moving average of $55.18. The firm has a market cap of $18.45 million, a P/E ratio of 13.50 and a beta of 1.03. Invesco S&P SmallCap Financials ETF has a 52 week low of $44.43 and a 52 week high of $62.24.

Invesco S&P SmallCap Financials ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.5416 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

Hedge funds have recently made changes to their positions in the company. Gladstone Institutional Advisory LLC grew its stake in Invesco S&P SmallCap Financials ETF by 6.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 8,278 shares of the company’s stock worth $458,000 after buying an additional 496 shares during the last quarter. Riggs Asset Managment Co. Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 3rd quarter worth approximately $28,000. Harbor Capital Advisors Inc. grew its position in Invesco S&P SmallCap Financials ETF by 17.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,699 shares of the company’s stock worth $260,000 after acquiring an additional 688 shares during the last quarter. Kessler Investment Group LLC grew its position in Invesco S&P SmallCap Financials ETF by 939.0% during the 3rd quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock worth $262,000 after acquiring an additional 4,282 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new stake in Invesco S&P SmallCap Financials ETF during the 3rd quarter valued at $538,000.

About Invesco S&P SmallCap Financials ETF

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.