Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Short Interest Update

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 41,500 shares, a growth of 1,704.3% from the March 31st total of 2,300 shares. Based on an average trading volume of 17,600 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Advocates Investment Management lifted its position in Invesco S&P SmallCap Energy ETF by 81.7% during the 4th quarter. Financial Advocates Investment Management now owns 8,088 shares of the company’s stock worth $421,000 after buying an additional 3,637 shares in the last quarter. Formidable Asset Management LLC bought a new stake in Invesco S&P SmallCap Energy ETF during the fourth quarter worth about $613,000. Larson Financial Group LLC acquired a new position in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at approximately $47,000. Blair William & Co. IL bought a new position in Invesco S&P SmallCap Energy ETF in the third quarter valued at approximately $1,102,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF during the 3rd quarter worth approximately $743,000.

Invesco S&P SmallCap Energy ETF Stock Performance

PSCE stock traded up $0.14 during midday trading on Thursday, hitting $55.96. 20,444 shares of the company’s stock were exchanged, compared to its average volume of 19,449. Invesco S&P SmallCap Energy ETF has a one year low of $41.53 and a one year high of $59.67. The company has a market cap of $242.31 million, a PE ratio of 35.58 and a beta of 1.95. The stock’s fifty day moving average price is $54.20 and its 200-day moving average price is $52.73.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.1793 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco S&P SmallCap Energy ETF Company Profile

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.