Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Up 3,400.0% in October

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 3,500 shares, an increase of 3,400.0% from the October 15th total of 100 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 3.9 days.

Invesco S&P SmallCap Materials ETF Stock Down 0.8 %

PSCM stock traded down $0.70 during midday trading on Thursday, reaching $82.08. 1,456 shares of the company’s stock traded hands, compared to its average volume of 1,251. The company has a 50-day simple moving average of $78.03 and a two-hundred day simple moving average of $77.69. Invesco S&P SmallCap Materials ETF has a 1-year low of $64.42 and a 1-year high of $85.04. The company has a market cap of $18.88 million, a price-to-earnings ratio of 14.55 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.115 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.46 annualized dividend and a yield of 0.56%.

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

Several institutional investors have recently bought and sold shares of PSCM. Kessler Investment Group LLC raised its position in Invesco S&P SmallCap Materials ETF by 630.5% in the 3rd quarter. Kessler Investment Group LLC now owns 1,388 shares of the company’s stock valued at $112,000 after purchasing an additional 1,198 shares during the last quarter. Gladstone Institutional Advisory LLC raised its position in Invesco S&P SmallCap Materials ETF by 4.8% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock valued at $269,000 after purchasing an additional 152 shares during the last quarter. Finally, Virtu Financial LLC raised its position in Invesco S&P SmallCap Materials ETF by 23.3% in the 2nd quarter. Virtu Financial LLC now owns 15,328 shares of the company’s stock valued at $1,145,000 after purchasing an additional 2,893 shares during the last quarter.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.