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 recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,800 shares, a decrease of 14.3% from the March 31st total of 2,100 shares. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is presently 0.6 days.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Performance

Shares of PSCD opened at $102.44 on Monday. The stock’s 50-day simple moving average is $103.69 and its 200 day simple moving average is $97.60. The stock has a market capitalization of $35.85 million, a price-to-earnings ratio of 11.33 and a beta of 1.42. Invesco S&P SmallCap Consumer Discretionary ETF has a 52-week low of $78.94 and a 52-week high of $109.27.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.3292 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.32 dividend on an annualized basis and a yield of 1.29%.

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

Institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter valued at about $1,562,000. Gladstone Institutional Advisory LLC purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter valued at about $489,000. Harbor Capital Advisors Inc. lifted its holdings in Invesco S&P SmallCap Consumer Discretionary ETF by 112.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,160 shares of the company’s stock worth $742,000 after buying an additional 3,796 shares during the period. Narus Financial Partners LLC purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter worth approximately $270,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter worth approximately $204,000.

About Invesco S&P SmallCap Consumer Discretionary ETF

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.