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

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 300 shares, a drop of 50.0% from the January 15th total of 600 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kessler Investment Group LLC boosted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% in 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 period. Virtu Financial LLC bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at $200,000. Jane Street Group LLC acquired a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter worth $413,000. D.A. Davidson & CO. bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter worth about $604,000. Finally, SMART Wealth LLC acquired a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at about $784,000.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 1.5 %

NASDAQ PSCU traded up $0.87 during trading on Thursday, reaching $60.53. 1,335 shares of the stock traded hands, compared to its average volume of 1,505. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $48.23 and a fifty-two week high of $67.23. The firm has a market cap of $16.34 million, a price-to-earnings ratio of 22.59 and a beta of 0.77. The stock’s 50-day moving average price is $59.99 and its 200 day moving average price is $60.00.

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

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

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.