Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Short Interest Update

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 18,000 shares, an increase of 520.7% from the October 31st total of 2,900 shares. Based on an average trading volume of 5,900 shares, the short-interest ratio is currently 3.1 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSCI. Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P SmallCap Industrials ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 189,026 shares of the company’s stock worth $22,694,000 after buying an additional 4,421 shares during the last quarter. RiverFront Investment Group LLC boosted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 10.6% during the second quarter. RiverFront Investment Group LLC now owns 136,872 shares of the company’s stock worth $16,433,000 after acquiring an additional 13,118 shares during the period. Raymond James & Associates grew its position in shares of Invesco S&P SmallCap Industrials ETF by 3.2% in the second quarter. Raymond James & Associates now owns 73,759 shares of the company’s stock valued at $8,856,000 after purchasing an additional 2,280 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Invesco S&P SmallCap Industrials ETF by 6.1% during the third quarter. Bogart Wealth LLC now owns 16,503 shares of the company’s stock worth $2,183,000 after purchasing an additional 955 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Invesco S&P SmallCap Industrials ETF by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 14,395 shares of the company’s stock worth $1,904,000 after purchasing an additional 1,778 shares during the last quarter.

Invesco S&P SmallCap Industrials ETF Stock Performance

Invesco S&P SmallCap Industrials ETF stock traded down $0.78 during midday trading on Wednesday, reaching $146.91. 8,628 shares of the company’s stock were exchanged, compared to its average volume of 6,981. The stock’s 50-day simple moving average is $135.54 and its 200 day simple moving average is $128.21. The firm has a market cap of $217.43 million, a price-to-earnings ratio of 18.19 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 52 week low of $103.00 and a 52 week high of $150.72.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.318 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.