Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Short Interest Up 22.2% in April

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCDGet Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 2,200 shares, an increase of 22.2% from the April 15th total of 1,800 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 0.7 days.

Invesco S&P SmallCap Consumer Discretionary ETF Trading Up 0.1 %

NASDAQ PSCD traded up $0.10 during mid-day trading on Wednesday, hitting $106.98. The company’s stock had a trading volume of 208 shares, compared to its average volume of 2,756. The firm has a market capitalization of $37.44 million, a price-to-earnings ratio of 11.33 and a beta of 1.42. Invesco S&P SmallCap Consumer Discretionary ETF has a twelve month low of $78.94 and a twelve month high of $109.27. The company’s 50 day simple moving average is $103.37 and its 200 day simple moving average is $99.51.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.3292 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, March 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter valued at about $204,000. Narus Financial Partners LLC bought a new position in Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter worth approximately $270,000. Gladstone Institutional Advisory LLC purchased a new position in Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at approximately $489,000. Harbor Capital Advisors Inc. raised its holdings in Invesco S&P SmallCap Consumer Discretionary ETF by 112.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 7,160 shares of the company’s stock valued at $742,000 after acquiring an additional 3,796 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth $1,562,000.

About Invesco S&P SmallCap Consumer Discretionary ETF

(Get Free Report)

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.

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