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

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,800 shares, a decline 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.

Invesco S&P SmallCap Consumer Discretionary ETF Trading Down 2.2 %

PSCD opened at $100.81 on Wednesday. The firm has a market capitalization of $35.28 million, a PE 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 firm’s 50-day moving average price is $103.63 and its 200 day moving average price is $97.90.

Invesco S&P SmallCap Consumer Discretionary ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given 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 1.31%.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new position in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $1,562,000. Harbor Capital Advisors Inc. boosted its position in Invesco S&P SmallCap Consumer Discretionary ETF by 112.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 7,160 shares of the company’s stock worth $742,000 after acquiring an additional 3,796 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new position in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $489,000. Narus Financial Partners LLC purchased a new position in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $270,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter worth about $204,000.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

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.