Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Sees Significant Decrease in Short Interest

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,800 shares, a drop of 14.3% from the March 31st total of 2,100 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $1,562,000. Gladstone Institutional Advisory LLC purchased a new position in Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter worth approximately $489,000. Harbor Capital Advisors Inc. lifted its stake 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. Narus Financial Partners LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at $270,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the 4th quarter valued at $204,000.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Up 0.6 %

PSCD opened at $103.07 on Tuesday. The company has a market cap of $36.07 million, a P/E ratio of 11.33 and a beta of 1.42. The firm’s 50-day moving average price is $103.67 and its 200-day moving average price is $97.75. Invesco S&P SmallCap Consumer Discretionary ETF has a 52-week low of $78.94 and a 52-week high of $109.27.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.3292 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.32 dividend on an annualized basis and a yield of 1.28%.

About Invesco S&P SmallCap Consumer Discretionary ETF

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.