Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Short Interest Down 98.6% in November

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 100 shares, a drop of 98.6% from the November 15th total of 7,300 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P SmallCap Materials ETF Stock Performance

PSCM traded down $0.78 during trading on Friday, reaching $80.78. The company had a trading volume of 1,473 shares, compared to its average volume of 1,239. Invesco S&P SmallCap Materials ETF has a 12-month low of $66.60 and a 12-month high of $86.48. The firm’s 50-day simple moving average is $80.86 and its 200 day simple moving average is $78.43. The company has a market cap of $18.58 million, a price-to-earnings ratio of 14.55 and a beta of 1.29.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.115 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.57%.

Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC increased its position in Invesco S&P SmallCap Materials ETF by 23.3% during the second quarter. Virtu Financial LLC now owns 15,328 shares of the company’s stock worth $1,145,000 after buying an additional 2,893 shares during the last quarter. Gladstone Institutional Advisory LLC increased its stake in Invesco S&P SmallCap Materials ETF by 4.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock valued at $269,000 after acquiring an additional 152 shares during the period. Finally, Kessler Investment Group LLC grew its holdings in shares of Invesco S&P SmallCap Materials ETF by 630.5% in the 3rd quarter. Kessler Investment Group LLC now owns 1,388 shares of the company’s stock worth $112,000 after purchasing an additional 1,198 shares during the last quarter.

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.