Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Significant Decrease in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 100 shares, a decline of 50.0% from the January 15th total of 200 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 0.1 days.

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

Large investors have recently made changes to their positions in the business. Kessler Investment Group LLC boosted its holdings in shares of 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 worth $112,000 after buying an additional 1,198 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Invesco S&P SmallCap Materials ETF in the fourth quarter worth about $219,000. Gladstone Institutional Advisory LLC raised its position in Invesco S&P SmallCap Materials ETF by 4.8% in the third quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock worth $269,000 after acquiring an additional 152 shares during the period. Finally, Virtu Financial LLC boosted its stake in Invesco S&P SmallCap Materials ETF by 35.1% in the fourth quarter. Virtu Financial LLC now owns 11,702 shares of the company’s stock valued at $862,000 after acquiring an additional 3,042 shares during the last quarter.

Invesco S&P SmallCap Materials ETF Trading Up 1.5 %

Shares of PSCM stock traded up $1.15 during trading on Thursday, hitting $75.39. The company’s stock had a trading volume of 1,173 shares, compared to its average volume of 1,661. The company has a market cap of $17.34 million, a PE ratio of 14.55 and a beta of 1.29. The business has a fifty day moving average of $75.60 and a 200-day moving average of $77.59. Invesco S&P SmallCap Materials ETF has a 52 week low of $70.41 and a 52 week high of $86.48.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.1697 dividend. The ex-dividend date was Monday, December 23rd.

Invesco S&P SmallCap Materials ETF Company Profile

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.