Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Rises By 750.0%

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,700 shares, an increase of 750.0% from the October 31st total of 200 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kessler Investment Group LLC lifted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% in the third quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock worth $69,000 after buying an additional 918 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth about $200,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth about $413,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth about $604,000.

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

Shares of NASDAQ PSCU traded up $0.01 during trading on Thursday, hitting $65.45. The stock had a trading volume of 4,832 shares, compared to its average volume of 2,785. 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 company has a market capitalization of $22.25 million, a PE ratio of 22.59 and a beta of 0.77. The firm has a fifty day moving average of $61.46 and a two-hundred day moving average of $56.45.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.196 dividend. This is an increase from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.01. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, September 23rd.

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.