Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short interest rose 22.6% in September

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report ) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 3,800 shares, an increase of 22.6% from August 31st’s total of 3,100 shares. Based on an average trading volume of 1,300 shares, the short interest rate is currently 2.9 days.

Institutional investors are trading on the Invesco S&P SmallCap Materials ETF

An institutional investor recently lifted its position in shares of Invesco S&P SmallCap Materials ETF. Virtu Financial LLC boosted its position in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Free Report) by 23.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,328 shares of the company’s stock after purchasing an additional 2,893 shares during the period. Virtu Financial LLC owned approximately 6.97% of Invesco S&P SmallCap Materials ETF worth $1,145,000 as of its most recent SEC filing.

Invesco S&P SmallCap Materials ETF trading up 0.9%

Shares of NASDAQ PSCM traded up $0.71 during mid-day trading on Friday, reaching $80.37. The company had a trading volume of 293 shares, compared to its average volume of 1,268. The company has a market cap of $17.68 million, a PE ratio of 14.55 and a beta of 1.29. The firm has a 50 day simple moving average of $77.09 and a two hundred day simple moving average of $76.69. Invesco S&P SmallCap Materials ETF has a one year low of $58.45 and a one year high of $83.31.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents an annualized dividend of $0.46 and a yield of 0.57%.

Company Profile for Invesco S&P SmallCap Materials ETF

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The PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (the Index). The index is designed to measure the overall performance of the common stocks of basic materials companies in the United States. These companies are primarily involved in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.

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