Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Interest Rate Update


Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI – Get Rating) benefited from a significant drop in short interest in May. As of May 31, there was short interest totaling 9,700 shares, down 32.6% from the May 15 total of 14,400 shares. Based on an average trading volume of 4,000 shares, the short interest ratio is currently 2.4 days.

Several hedge funds have recently changed their stock holdings. Royal Bank of Canada raised its position in the shares of the Invesco S&P SmallCap Industrials ETF by 9.7% in the first quarter. Royal Bank of Canada now owns 7,600 shares of the company worth $701,000 after buying 675 more shares last quarter. UBS Group AG increased its position in shares of Invesco S&P SmallCap Industrials ETF by 2.0% in the first quarter. UBS Group AG now owns 96,652 shares of the company worth $8,915,000 after buying an additional 1,858 shares last quarter. LWS Wealth Advisors Inc. increased its position in Invesco S&P SmallCap Industrials ETF shares by 1.5% in the first quarter. LWS Wealth Advisors Inc. now owns 96,048 shares of the company worth $8,859,000 after purchasing an additional 1,408 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of Invesco S&P SmallCap Industrials ETF in the first quarter for a value of $380,000. Finally, Citadel Advisors LLC increased its position in Invesco S&P SmallCap Industrials ETF shares by 62.7% in the fourth quarter. Citadel Advisors LLC now owns 5,419 shares of the company worth $538,000 after buying 2,089 additional shares in the last quarter.

Shares of NASDAQ:PSCI traded down $3.41 during Tuesday’s trading, hitting $82.96. 1,623 shares of the company were traded, against an average volume of 5,974. The stock has a 50-day moving average of $87.70 and a 200-day moving average of $91.38. Invesco S&P SmallCap Industrials ETF has a 52-week low of $82.27 and a 52-week high of $104.14.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Tuesday, March 22 received a dividend of $0.131. The ex-dividend date was Monday, March 21. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 0.63%.

About the Invesco S&P SmallCap Industrials ETF (Get an evaluation)

The PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that generally correspond to the price and performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The underlying index is composed of common stocks of US industrial companies.

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