Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Short Interest Down 94.2% in June

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 300 shares, a decline of 94.2% from the May 31st total of 5,200 shares. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is presently 0.0 days.

Invesco S&P SmallCap Industrials ETF Stock Up 0.2 %

PSCI stock opened at $120.06 on Friday. The company has a market cap of $184.89 million, a PE ratio of 18.19 and a beta of 1.24. The business has a 50-day simple moving average of $121.95 and a 200 day simple moving average of $119.20. Invesco S&P SmallCap Industrials ETF has a 52 week low of $93.45 and a 52 week high of $127.62.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.1428 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, June 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valley National Advisers Inc. bought a new position in Invesco S&P SmallCap Industrials ETF in the fourth quarter valued at about $137,000. TFG Advisers LLC bought a new position in Invesco S&P SmallCap Industrials ETF in the fourth quarter valued at about $225,000. Cookson Peirce & Co. Inc. bought a new position in Invesco S&P SmallCap Industrials ETF in the fourth quarter valued at about $225,000. Stratos Wealth Partners LTD. bought a new position in Invesco S&P SmallCap Industrials ETF in the fourth quarter valued at about $225,000. Finally, Novak & Powell Financial Services Inc. bought a new position in Invesco S&P SmallCap Industrials ETF in the fourth quarter valued at about $236,000.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.