Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 3,400 shares, a growth of 17.2% from the September 30th total of 2,900 shares. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Invesco S&P SmallCap Consumer Staples ETF during the second quarter worth about $81,000. Gladstone Institutional Advisory LLC acquired a new stake in Invesco S&P SmallCap Consumer Staples ETF during the 3rd quarter worth approximately $211,000. CreativeOne Wealth LLC purchased a new position in Invesco S&P SmallCap Consumer Staples ETF in the first quarter valued at approximately $281,000. Finally, Virtu Financial LLC purchased a new position in Invesco S&P SmallCap Consumer Staples ETF in the first quarter valued at approximately $413,000.

Invesco S&P SmallCap Consumer Staples ETF Stock Performance

Invesco S&P SmallCap Consumer Staples ETF stock traded down $0.35 during trading on Wednesday, reaching $36.98. The company had a trading volume of 4,811 shares, compared to its average volume of 11,098. The firm has a market capitalization of $52.51 million, a price-to-earnings ratio of 6.66 and a beta of 0.70. Invesco S&P SmallCap Consumer Staples ETF has a 12-month low of $32.80 and a 12-month high of $39.00. The stock’s 50 day moving average price is $37.36 and its two-hundred day moving average price is $36.56.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, September 23rd.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.

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