Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 750.0% in November

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,700 shares, an increase of 750.0% from the October 31st total of 200 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSCU. Jane Street Group LLC purchased a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at about $413,000. Virtu Financial LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter worth approximately $200,000. D.A. Davidson & CO. bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $604,000. Finally, Kessler Investment Group LLC increased its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% during the third quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock valued at $69,000 after buying an additional 918 shares during the period.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.0 %

PSCU traded up $0.02 on Wednesday, reaching $65.45. 4,832 shares of the company traded hands, compared to its average volume of 2,785. The company has a market cap of $22.25 million, a P/E ratio of 22.59 and a beta of 0.77. Invesco S&P SmallCap Utilities & Communication Services ETF has a one year low of $48.23 and a one year high of $67.23. The firm has a fifty day simple moving average of $61.35 and a two-hundred day simple moving average of $56.39.

Invesco S&P SmallCap Utilities & Communication Services ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.196 dividend. This is a positive change from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, September 23rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.20%.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.