Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Large Decline in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 1,800 shares, a drop of 21.7% from the November 30th total of 2,300 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P SmallCap Financials ETF Stock Down 1.4 %

PSCF opened at $55.29 on Friday. The firm has a 50 day moving average price of $58.31 and a 200-day moving average price of $54.46. Invesco S&P SmallCap Financials ETF has a twelve month low of $44.43 and a twelve month high of $62.24. The stock has a market capitalization of $22.12 million, a price-to-earnings ratio of 13.50 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.5416 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco S&P SmallCap Financials ETF

A number of large investors have recently made changes to their positions in the company. Kessler Investment Group LLC grew its holdings in Invesco S&P SmallCap Financials ETF by 939.0% during the 3rd quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock worth $262,000 after acquiring an additional 4,282 shares in the last quarter. Riggs Asset Managment Co. Inc. purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the 3rd quarter worth $28,000. Gladstone Institutional Advisory LLC grew its stake in shares of Invesco S&P SmallCap Financials ETF by 6.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 8,278 shares of the company’s stock worth $458,000 after purchasing an additional 496 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Invesco S&P SmallCap Financials ETF by 17.2% in the third quarter. Harbor Capital Advisors Inc. now owns 4,699 shares of the company’s stock valued at $260,000 after buying an additional 688 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new stake in Invesco S&P SmallCap Financials ETF in the third quarter valued at $538,000.

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.