Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 800 shares, an increase of 100.0% from the February 28th total of 400 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Down 0.9 %

NASDAQ:PSCU traded down $0.50 during midday trading on Friday, reaching $56.55. The company had a trading volume of 924 shares, compared to its average volume of 2,753. Invesco S&P SmallCap Utilities & Communication Services ETF has a 12-month low of $48.23 and a 12-month high of $67.23. The firm has a market capitalization of $13.57 million, a price-to-earnings ratio of 18.20 and a beta of 0.80. The stock’s fifty day simple moving average is $58.51 and its 200-day simple moving average is $60.15.

Invesco S&P SmallCap Utilities & Communication Services ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a $0.1078 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at approximately $200,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at approximately $413,000. Citadel Advisors LLC raised its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 62.6% in the 4th quarter. Citadel Advisors LLC now owns 8,224 shares of the company’s stock valued at $488,000 after purchasing an additional 3,166 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at $604,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 48.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,791 shares of the company’s stock worth $758,000 after purchasing an additional 4,203 shares during the last quarter.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.