Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Down 50.0% in December

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 100 shares, a drop of 50.0% from the December 15th total of 200 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSCM. Kessler Investment Group LLC raised its holdings in Invesco S&P SmallCap Materials ETF by 630.5% in the 3rd quarter. Kessler Investment Group LLC now owns 1,388 shares of the company’s stock valued at $112,000 after acquiring an additional 1,198 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Invesco S&P SmallCap Materials ETF during the 4th quarter worth $219,000. Gladstone Institutional Advisory LLC raised its holdings in shares of Invesco S&P SmallCap Materials ETF by 4.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock worth $269,000 after buying an additional 152 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of Invesco S&P SmallCap Materials ETF by 23.3% during the 2nd quarter. Virtu Financial LLC now owns 15,328 shares of the company’s stock worth $1,145,000 after buying an additional 2,893 shares in the last quarter.

Invesco S&P SmallCap Materials ETF Trading Up 2.2 %

Shares of NASDAQ PSCM opened at $72.18 on Tuesday. Invesco S&P SmallCap Materials ETF has a 12 month low of $68.44 and a 12 month high of $86.48. The stock has a 50 day moving average of $79.31 and a 200-day moving average of $78.06. The company has a market capitalization of $17.32 million, a P/E ratio of 14.55 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1697 per share. The ex-dividend date was Monday, December 23rd.

Invesco S&P SmallCap Materials ETF Company Profile

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.