Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Sees Large Increase in Short Interest

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,722 shares, a growth of 138.5% from the May 14th total of 722 shares. Based on an average daily volume of 907 shares, the short-interest ratio is presently 1.9 days. Approximately 0.4% of the shares of the stock are sold short.

Invesco S&P SmallCap Financials ETF Stock Up 1.0%

Shares of NASDAQ PSCF opened at $63.90 on Friday. Invesco S&P SmallCap Financials ETF has a 52 week low of $52.13 and a 52 week high of $64.14. The firm has a 50-day moving average price of $61.23 and a 200 day moving average price of $59.52. The stock has a market capitalization of $25.56 million, a price-to-earnings ratio of 15.25 and a beta of 0.94.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.4002 per share. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSCF. Founders Financial Alliance LLC acquired a new position in Invesco S&P SmallCap Financials ETF during the third quarter worth about $32,000. Goldman Sachs Group Inc. acquired a new position in Invesco S&P SmallCap Financials ETF during the first quarter worth about $220,000. LPL Financial LLC raised its position in Invesco S&P SmallCap Financials ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock worth $315,000 after acquiring an additional 306 shares during the last quarter. Virtu Financial LLC raised its position in Invesco S&P SmallCap Financials ETF by 21.6% during the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after acquiring an additional 1,229 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Invesco S&P SmallCap Financials ETF by 13.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after acquiring an additional 1,263 shares during the last quarter.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).