Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Short Interest Up 52.9% in November

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 2,600 shares, a growth of 52.9% from the November 15th total of 1,700 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several large investors have recently bought and sold shares of PSCU. Kessler Investment Group LLC grew its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 423.0% in the third quarter. Kessler Investment Group LLC now owns 1,135 shares of the company’s stock valued at $69,000 after purchasing an additional 918 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $200,000. Jane Street Group LLC purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $413,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $604,000.

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

NASDAQ PSCU traded down $0.14 on Friday, reaching $62.56. 2,003 shares of the company’s stock traded hands, compared to its average volume of 2,823. The firm has a market cap of $21.27 million, a price-to-earnings ratio of 22.59 and a beta of 0.77. The stock has a 50 day moving average price of $62.44 and a 200-day moving average price of $57.47. Invesco S&P SmallCap Utilities & Communication Services ETF has a fifty-two week low of $48.23 and a fifty-two week high of $67.23.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.196 per share. This is a positive change from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.01. This represents a $0.78 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.