Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Significant Drop in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 700 shares, a decline of 22.2% from the December 15th total of 900 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is presently 0.2 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 1.0 %

NASDAQ:PSCU opened at $57.83 on Wednesday. The stock has a market cap of $16.19 million, a price-to-earnings ratio of 22.59 and a beta of 0.77. The company’s 50 day moving average price is $62.32 and its 200-day moving average price is $58.90. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52 week low of $48.23 and a 52 week high of $67.23.

Invesco S&P SmallCap Utilities & Communication Services ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.2478 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

A number of institutional investors and hedge funds have recently modified their holdings of PSCU. Kessler Investment Group LLC boosted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% during the third quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock valued at $69,000 after buying an additional 918 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at about $200,000. Jane Street Group LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth approximately $413,000. D.A. Davidson & CO. purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $604,000. Finally, SMART Wealth LLC bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $784,000.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.