Short Interest in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Declines By 21.7%

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,800 shares, a decrease of 21.7% from the November 30th total of 2,300 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PSCF. Riggs Asset Managment Co. Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 3rd quarter valued at $28,000. Harbor Capital Advisors Inc. lifted its position in Invesco S&P SmallCap Financials ETF by 17.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,699 shares of the company’s stock worth $260,000 after buying an additional 688 shares in the last quarter. Kessler Investment Group LLC grew its holdings in shares of Invesco S&P SmallCap Financials ETF by 939.0% in the 3rd quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock valued at $262,000 after acquiring an additional 4,282 shares in the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of Invesco S&P SmallCap Financials ETF by 6.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 8,278 shares of the company’s stock valued at $458,000 after acquiring an additional 496 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new position in Invesco S&P SmallCap Financials ETF during the third quarter valued at approximately $538,000.

Invesco S&P SmallCap Financials ETF Stock Performance

Shares of PSCF opened at $55.11 on Tuesday. The firm has a market capitalization of $22.04 million, a price-to-earnings ratio of 13.50 and a beta of 1.03. Invesco S&P SmallCap Financials ETF has a 52 week low of $44.43 and a 52 week high of $62.24. The business’s fifty day moving average price is $58.29 and its two-hundred day moving average price is $54.63.

Invesco S&P SmallCap Financials ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.5416 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.