Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Short Interest Down 36.8% in December

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,200 shares, a decrease of 36.8% from the November 30th total of 1,900 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

A hedge fund recently bought a new stake in Invesco S&P SmallCap Consumer Discretionary ETF stock. Meridian Investment Counsel Inc. acquired a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,882 shares of the company’s stock, valued at approximately $209,000. Meridian Investment Counsel Inc. owned 0.78% of Invesco S&P SmallCap Consumer Discretionary ETF as of its most recent SEC filing.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Performance

Invesco S&P SmallCap Consumer Discretionary ETF stock opened at $110.60 on Friday. Invesco S&P SmallCap Consumer Discretionary ETF has a 52 week low of $96.60 and a 52 week high of $119.15. The stock has a 50-day simple moving average of $111.69 and a 200 day simple moving average of $107.24. The stock has a market capitalization of $26.54 million, a P/E ratio of 11.83 and a beta of 1.42.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.2715 per share. The ex-dividend date is Monday, December 23rd.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.