Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Short Interest Down 36.8% in December

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,200 shares, a decrease of 36.8% from the November 30th total of 1,900 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco S&P SmallCap Consumer Discretionary ETF stock. Meridian Investment Counsel Inc. purchased a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,882 shares of the company’s stock, valued at approximately $209,000. Meridian Investment Counsel Inc. owned about 0.78% of Invesco S&P SmallCap Consumer Discretionary ETF as of its most recent SEC filing.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Up 0.5 %

Shares of PSCD stock opened at $110.60 on Friday. The firm has a fifty day moving average of $111.69 and a 200-day moving average of $107.24. Invesco S&P SmallCap Consumer Discretionary ETF has a 12-month low of $96.60 and a 12-month high of $119.15. The company has a market capitalization of $26.54 million, a price-to-earnings ratio of 11.83 and a beta of 1.42.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be given a $0.2715 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.