Short Interest in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Decreases By 46.1%

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE – Get Rating) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 48,100 shares, a decline of 46.1% from the April 30th total of 89,300 shares. Based on an average daily trading volume, of 282,300 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

A number of hedge funds have recently made changes to their positions in the company. ProVise Management Group LLC raised its stake in Invesco S&P SmallCap Energy ETF by 79.4% in the 4th quarter. ProVise Management Group LLC now owns 66,031 shares of the company’s stock valued at $672,000 after purchasing an additional 29,223 shares during the last quarter. Strategic Wealth Advisors Group LLC purchased a new position in shares of Invesco S&P SmallCap Energy ETF during the 3rd quarter worth $504,000. First Republic Investment Management Inc. acquired a new position in shares of Invesco S&P SmallCap Energy ETF during the 3rd quarter valued at about $1,288,000. Lansing Street Advisors boosted its position in shares of Invesco S&P SmallCap Energy ETF by 62.3% during the 3rd quarter. Lansing Street Advisors now owns 5,056 shares of the company’s stock valued at $43,000 after acquiring an additional 1,940 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Invesco S&P SmallCap Energy ETF by 39.9% in the third quarter. IHT Wealth Management LLC now owns 64,910 shares of the company’s stock valued at $553,000 after purchasing an additional 18,516 shares during the period.

Invesco S&P SmallCap Energy ETF Stock Performance

Shares of NASDAQ PSCE opened at $8.77 on Friday. Invesco S&P SmallCap Energy ETF has a 1 year low of $7.62 and a 1 year high of $12.55. The company’s fifty day moving average price is $8.82 and its 200 day moving average price is $9.40. The company has a market capitalization of $173.56 million, a PE ratio of 12.52 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 21st were paid a dividend of $0.068 per share. The ex-dividend date of this dividend was Monday, March 20th. This represents a $0.27 annualized dividend and a yield of 3.10%.

About Invesco S&P SmallCap Energy ETF

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PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.