Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Sees Significant Growth in Short Interest

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 3,400 shares, an increase of 78.9% from the January 31st total of 1,900 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Narus Financial Partners LLC increased its holdings in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 57.9% during the fourth quarter. Narus Financial Partners LLC now owns 4,016 shares of the company’s stock worth $437,000 after purchasing an additional 1,472 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 19.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock worth $1,180,000 after purchasing an additional 1,730 shares during the period. Meridian Investment Counsel Inc. bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the third quarter worth approximately $209,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth approximately $306,000. Finally, Citadel Advisors LLC bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth approximately $311,000.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Down 3.1 %

Invesco S&P SmallCap Consumer Discretionary ETF stock opened at $100.20 on Tuesday. The stock has a market cap of $24.05 million, a P/E ratio of 14.24 and a beta of 1.42. Invesco S&P SmallCap Consumer Discretionary ETF has a twelve month low of $96.78 and a twelve month high of $119.15. The company’s 50-day moving average price is $109.57 and its two-hundred day moving average price is $109.51.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2715 per share. The ex-dividend date was 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.