Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Update

Posted by Tech Dows on Aug 15th, 2024

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 300 shares, a decline of 25.0% from the July 15th total of 400 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 0.3 days.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

Shares of NASDAQ PSCU traded up $0.45 during midday trading on Wednesday, reaching $56.66. The company’s stock had a trading volume of 265 shares, compared to its average volume of 1,257. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $46.76 and a fifty-two week high of $58.34. The business’s 50 day moving average price is $52.35 and its two-hundred day moving average price is $51.52. The company has a market cap of $15.30 million, a P/E ratio of 22.59 and a beta of 0.77.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a $0.0125 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.09%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Gladstone Institutional Advisory LLC raised its stake in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,314 shares of the company’s stock after acquiring an additional 392 shares during the quarter. Gladstone Institutional Advisory LLC owned approximately 2.91% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $504,000 as of its most recent SEC filing.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.