Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Increases By 126.1%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 5,200 shares, an increase of 126.1% from the March 15th total of 2,300 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in shares of Invesco S&P SmallCap Financials ETF by 343.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,021 shares of the company’s stock worth $56,000 after purchasing an additional 791 shares in the last quarter. J2 Capital Management Inc acquired a new position in shares of Invesco S&P SmallCap Financials ETF during the 4th quarter valued at about $257,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P SmallCap Financials ETF during the 4th quarter worth approximately $290,000. Bank of America Corp DE increased its stake in Invesco S&P SmallCap Financials ETF by 34.0% during the fourth quarter. Bank of America Corp DE now owns 5,290 shares of the company’s stock worth $293,000 after acquiring an additional 1,341 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Invesco S&P SmallCap Financials ETF by 13.1% during the 4th quarter. LPL Financial LLC now owns 5,945 shares of the company’s stock worth $329,000 after purchasing an additional 687 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Stock Up 0.7 %

NASDAQ:PSCF opened at $48.49 on Wednesday. Invesco S&P SmallCap Financials ETF has a 52 week low of $44.43 and a 52 week high of $62.24. The stock’s 50-day moving average price is $52.97 and its 200-day moving average price is $55.59. The stock has a market capitalization of $18.43 million, a PE ratio of 12.23 and a beta of 0.97.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.1547 dividend. The ex-dividend date was Monday, March 24th.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.