Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Short Interest Down 38.9% in December

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

Invesco S&P SmallCap Financials ETF Price Performance

PSCF traded up $1.31 during trading on Tuesday, hitting $54.26. The company had a trading volume of 24,606 shares, compared to its average volume of 4,138. Invesco S&P SmallCap Financials ETF has a 1-year low of $44.43 and a 1-year high of $62.24. The company has a market cap of $18.45 million, a PE ratio of 13.50 and a beta of 1.03. The business has a 50-day moving average of $58.03 and a 200-day moving average of $55.18.

Invesco S&P SmallCap Financials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.5416 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

A number of hedge funds have recently bought and sold shares of PSCF. Riggs Asset Managment Co. Inc. bought a new position in Invesco S&P SmallCap Financials ETF during the 3rd quarter worth approximately $28,000. Harbor Capital Advisors Inc. raised its position in shares of 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 valued at $260,000 after acquiring an additional 688 shares in the last quarter. Kessler Investment Group LLC lifted its stake in Invesco S&P SmallCap Financials ETF by 939.0% during the third quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock worth $262,000 after purchasing an additional 4,282 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in Invesco S&P SmallCap Financials ETF by 6.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 8,278 shares of the company’s stock worth $458,000 after purchasing an additional 496 shares during the period. Finally, Atlas Wealth LLC bought a new stake in Invesco S&P SmallCap Financials ETF during the third 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.