Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Sees Large Increase in Short Interest

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 3,500 shares, an increase of 3,400.0% from the October 15th total of 100 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PSCM. Gladstone Institutional Advisory LLC grew its holdings in Invesco S&P SmallCap Materials ETF by 4.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock valued at $269,000 after purchasing an additional 152 shares during the period. Kessler Investment Group LLC increased 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 worth $112,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in Invesco S&P SmallCap Materials ETF by 23.3% in the 2nd quarter. Virtu Financial LLC now owns 15,328 shares of the company’s stock valued at $1,145,000 after acquiring an additional 2,893 shares during the period.

Invesco S&P SmallCap Materials ETF Price Performance

PSCM opened at $82.78 on Wednesday. The firm has a market capitalization of $19.04 million, a PE ratio of 14.55 and a beta of 1.29. Invesco S&P SmallCap Materials ETF has a fifty-two week low of $62.00 and a fifty-two week high of $85.04. The company’s 50-day moving average is $77.88 and its 200 day moving average is $77.66.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, September 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.