Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 97.4% from the September 30th total of 3,800 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF
A hedge fund recently raised its stake in Invesco S&P SmallCap Materials ETF stock. Kessler Investment Group LLC increased its holdings in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM – Free Report) by 630.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388 shares of the company’s stock after purchasing an additional 1,198 shares during the quarter. Kessler Investment Group LLC owned 0.60% of Invesco S&P SmallCap Materials ETF worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Invesco S&P SmallCap Materials ETF Trading Up 0.2 %
Invesco S&P SmallCap Materials ETF stock traded up $0.18 during mid-day trading on Friday, hitting $77.09. The company had a trading volume of 498 shares, compared to its average volume of 1,206. The stock’s 50 day moving average price is $77.24 and its two-hundred day moving average price is $77.15. Invesco S&P SmallCap Materials ETF has a 12 month low of $58.45 and a 12 month high of $83.31. The company has a market capitalization of $17.73 million, a PE ratio of 14.55 and a beta of 1.29.
Invesco S&P SmallCap Materials ETF Cuts Dividend
About Invesco S&P SmallCap Materials ETF
PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.
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