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

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,200 shares, a decline of 20.0% from the August 15th total of 4,000 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 4.0 days.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Performance

NASDAQ PSCD traded up $0.39 during trading hours on Tuesday, reaching $107.43. The stock had a trading volume of 726 shares, compared to its average volume of 2,247. Invesco S&P SmallCap Consumer Discretionary ETF has a 52-week low of $78.94 and a 52-week high of $114.00. The stock has a market cap of $29.01 million, a P/E ratio of 11.83 and a beta of 1.42. The stock has a fifty day moving average of $104.78 and a 200 day moving average of $103.73.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.3318 dividend. This is an increase from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.33. This represents a $1.33 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PSCD. Virtu Financial LLC boosted its holdings in Invesco S&P SmallCap Consumer Discretionary ETF by 45.1% in the second quarter. Virtu Financial LLC now owns 22,149 shares of the company’s stock valued at $2,231,000 after purchasing an additional 6,889 shares during the last quarter. Narus Financial Partners LLC lifted its holdings in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 6.8% in the 2nd quarter. Narus Financial Partners LLC now owns 2,521 shares of the company’s stock valued at $254,000 after buying an additional 161 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at about $1,562,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter worth about $489,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $204,000.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

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.