Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Up 22.6% in September

Posted by Defense World Staff on Sep 30th, 2024

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 3,800 shares, an increase of 22.6% from the August 31st total of 3,100 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 2.9 days.

Invesco S&P SmallCap Materials ETF Stock Up 0.9 %

PSCM stock traded up $0.71 during midday trading on Friday, reaching $80.37. The stock had a trading volume of 293 shares, compared to its average volume of 1,268. The business has a fifty day simple moving average of $77.09 and a two-hundred day simple moving average of $76.69. The firm has a market cap of $17.68 million, a price-to-earnings ratio of 14.55 and a beta of 1.29. Invesco S&P SmallCap Materials ETF has a twelve month low of $58.45 and a twelve month high of $83.31.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.115 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.46 annualized dividend and a dividend yield of 0.57%.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

An institutional investor recently bought a new position in Invesco S&P SmallCap Materials ETF stock. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,676 shares of the company’s stock, valued at approximately $1,157,000. Virtu Financial LLC owned about 7.46% of Invesco S&P SmallCap Materials ETF at the end of the most recent quarter.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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.