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 target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,200 shares, a decrease of 52.0% from the February 28th total of 2,500 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSCD. Narus Financial Partners LLC raised its stake in Invesco S&P SmallCap Consumer Discretionary ETF by 57.9% during the 4th quarter. Narus Financial Partners LLC now owns 4,016 shares of the company’s stock valued at $437,000 after acquiring an additional 1,472 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 valued at $1,180,000 after purchasing an additional 1,730 shares in the last quarter. Virtu Financial LLC acquired a new stake in Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter worth about $306,000. Citadel Advisors LLC acquired a new stake in Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter worth about $311,000. Finally, Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at about $569,000.

Invesco S&P SmallCap Consumer Discretionary ETF Price Performance

Shares of PSCD stock traded down $2.74 during trading hours on Friday, reaching $92.04. The stock had a trading volume of 967 shares, compared to its average volume of 1,390. The firm has a market capitalization of $20.25 million, a PE ratio of 12.18 and a beta of 1.51. The firm has a 50-day simple moving average of $104.51 and a 200-day simple moving average of $108.08. Invesco S&P SmallCap Consumer Discretionary ETF has a twelve month low of $89.99 and a twelve month high of $119.15.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.3319 per share. The ex-dividend date is Monday, March 24th. This is an increase from Invesco S&P SmallCap Consumer Discretionary ETF’s previous dividend of $0.27.

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.