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 recipient of a significant increase in short interest in the month of 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. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

NASDAQ:PSCU traded down $0.50 during trading hours on Friday, hitting $56.55. The stock 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 one year low of $48.23 and a one year high of $67.23. The business’s 50 day moving average is $58.51 and its 200-day moving average is $60.15. The company has a market cap of $15.27 million, a price-to-earnings ratio of 18.20 and a beta of 0.77.

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

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.1078 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

Several hedge funds have recently bought and sold shares of PSCU. D.A. Davidson & CO. bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $604,000. Jane Street Group LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at about $413,000. Virtu Financial LLC acquired a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth about $200,000. SMART Wealth LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at approximately $784,000. Finally, Tower Research Capital LLC TRC boosted its position in 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 acquiring an additional 4,203 shares during the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

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.