Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Update

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 800 shares, a drop of 27.3% from the August 15th total of 1,100 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Invesco S&P SmallCap Financials ETF during the second quarter valued at approximately $191,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the first quarter worth approximately $876,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF in the fourth quarter worth approximately $1,558,000. Finally, Gladstone Institutional Advisory LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the fourth quarter worth approximately $402,000.

Invesco S&P SmallCap Financials ETF Stock Performance

NASDAQ:PSCF traded up $0.51 during trading hours on Monday, reaching $55.40. The company’s stock had a trading volume of 12,023 shares, compared to its average volume of 1,963. The firm has a 50-day simple moving average of $52.99 and a 200-day simple moving average of $49.11. Invesco S&P SmallCap Financials ETF has a 1 year low of $38.34 and a 1 year high of $55.93. The firm has a market capitalization of $20.50 million, a price-to-earnings ratio of 13.50 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.1829 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.73 annualized dividend and a yield of 1.32%.

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.