Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Sees Large Drop in Short Interest

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,200 shares, a decline of 91.2% from the December 31st total of 13,600 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Riggs Asset Managment Co. Inc. acquired a new position in Invesco S&P SmallCap Industrials ETF in the 3rd quarter valued at approximately $28,000. Kessler Investment Group LLC boosted its position in Invesco S&P SmallCap Industrials ETF by 1,255.1% in the third quarter. Kessler Investment Group LLC now owns 1,057 shares of the company’s stock valued at $140,000 after buying an additional 979 shares in the last quarter. Marcum Wealth LLC acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth approximately $200,000. Source Financial Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth approximately $217,000. Finally, Elm3 Financial Group LLC acquired a new position in shares of Invesco S&P SmallCap Industrials ETF in the 4th quarter worth approximately $245,000.

Invesco S&P SmallCap Industrials ETF Stock Down 0.4 %

PSCI stock traded down $0.59 during mid-day trading on Tuesday, reaching $139.44. 9,901 shares of the stock traded hands, compared to its average volume of 11,529. The business has a 50-day moving average of $140.66 and a two-hundred day moving average of $134.02. The firm has a market capitalization of $221.71 million, a PE ratio of 18.19 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 52 week low of $112.71 and a 52 week high of $150.72.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.2373 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.