Short Interest in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Increases By 750.0%

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,700 shares, an increase of 750.0% from the October 31st total of 200 shares. Based on an average trading volume of 6,800 shares, the short-interest ratio is currently 0.3 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

PSCU stock traded up $0.02 during midday trading on Wednesday, reaching $65.45. 4,832 shares of the company traded hands, compared to its average volume of 2,785. The firm has a market capitalization of $22.25 million, a price-to-earnings ratio of 22.59 and a beta of 0.77. The business has a 50 day moving average of $61.35 and a 200-day moving average of $56.39. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.196 per share. This is a boost from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.78 dividend on an annualized basis and a yield of 1.20%.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter worth about $200,000. Jane Street Group LLC bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $413,000. D.A. Davidson & CO. purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth approximately $604,000. Finally, Kessler Investment Group LLC lifted its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% during the 3rd quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock worth $69,000 after acquiring an additional 918 shares during the last quarter.

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.