Short Interest in Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Declines By 21.6%

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 8,286 shares, a drop of 21.6% from the February 26th total of 10,572 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 9,743 shares, the days-to-cover ratio is currently 0.9 days.

Invesco S&P SmallCap Consumer Staples ETF Stock Performance

Shares of NASDAQ PSCC opened at $31.25 on Friday. The company has a market cap of $32.50 million, a PE ratio of 14.43 and a beta of 0.60. The business has a 50-day simple moving average of $33.53 and a two-hundred day simple moving average of $32.59. Invesco S&P SmallCap Consumer Staples ETF has a fifty-two week low of $30.60 and a fifty-two week high of $36.65.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Trading of Invesco S&P SmallCap Consumer Staples ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Wealth Management LLC lifted its position in Invesco S&P SmallCap Consumer Staples ETF by 6.4% during the third quarter. Cornerstone Wealth Management LLC now owns 7,629 shares of the company’s stock valued at $252,000 after purchasing an additional 456 shares during the period. Bank of America Corp DE boosted its position in Invesco S&P SmallCap Consumer Staples ETF by 6.8% during the third quarter. Bank of America Corp DE now owns 14,391 shares of the company’s stock worth $474,000 after purchasing an additional 917 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco S&P SmallCap Consumer Staples ETF by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 22,152 shares of the company’s stock valued at $737,000 after buying an additional 976 shares in the last quarter. Summit Financial Consulting LLC lifted its holdings in Invesco S&P SmallCap Consumer Staples ETF by 11.8% during the third quarter. Summit Financial Consulting LLC now owns 9,388 shares of the company’s stock valued at $309,000 after purchasing an additional 994 shares in the last quarter. Finally, Founders Financial Alliance LLC purchased a new position in Invesco S&P SmallCap Consumer Staples ETF in the 3rd quarter valued at about $40,000.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.