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Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Sees Significant Decline in Short Interest

kopsource ·  Sep 30, 2022 18:23

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE – Get Rating) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 91,200 shares, a decline of 19.7% from the August 31st total of 113,600 shares. Based on an average daily trading volume, of 246,900 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lansing Street Advisors bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 1st quarter worth $33,000. Deuterium Capital Management LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 2nd quarter worth $87,000. Cetera Advisor Networks LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 1st quarter worth $103,000. Kingsview Wealth Management LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF during the 2nd quarter worth $108,000. Finally, Castleview Partners LLC grew its stake in shares of Invesco S&P SmallCap Energy ETF by 5,229.4% during the 2nd quarter. Castleview Partners LLC now owns 1,812 shares of the company's stock worth $112,000 after acquiring an additional 1,778 shares during the period.

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Invesco S&P SmallCap Energy ETF Price Performance

Shares of NASDAQ:PSCE traded down $0.02 during trading on Friday, reaching $8.52. 85,224 shares of the stock were exchanged, compared to its average volume of 435,310. Invesco S&P SmallCap Energy ETF has a 1-year low of $6.46 and a 1-year high of $12.55. The stock has a fifty day moving average of $9.48 and a two-hundred day moving average of $9.75.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 20th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Monday, September 19th. This is an increase from Invesco S&P SmallCap Energy ETF's previous quarterly dividend of $0.03.

Invesco S&P SmallCap Energy ETF Company Profile

(Get Rating)

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.

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