Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Sees Large Growth in Short Interest

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 400 shares, an increase of 33.3% from the February 13th total of 300 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC increased its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 62.6% during the 4th quarter. Citadel Advisors LLC now owns 8,224 shares of the company’s stock valued at $488,000 after purchasing an additional 3,166 shares during the period. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $200,000. Tower Research Capital LLC TRC increased its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 48.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,791 shares of the company’s stock valued at $758,000 after buying an additional 4,203 shares during the period. Jane Street Group LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $413,000. Finally, D.A. Davidson & CO. bought a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at $604,000.

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

PSCU traded down $0.63 during trading on Tuesday, hitting $57.14. 329 shares of the stock were exchanged, compared to its average volume of 2,715. The firm has a 50 day simple moving average of $58.69 and a 200 day simple moving average of $60.20. The firm has a market cap of $15.43 million, a price-to-earnings ratio of 18.27 and a beta of 0.77. Invesco S&P SmallCap Utilities & Communication Services ETF has a 1 year low of $48.23 and a 1 year high of $67.23.

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

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2478 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

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.