Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Short Interest Down 20.7% in August

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Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 56,600 shares, a decrease of 20.7% from the August 15th total of 71,400 shares. Based on an average trading volume of 53,900 shares, the days-to-cover ratio is presently 1.1 days.

Invesco S&P SmallCap Energy ETF stock traded up $0.16 during midday trading on Wednesday, hitting $3.39. The stock had a trading volume of 282 shares, compared to its average volume of 78,791. The firm’s fifty day moving average is $3.58 and its two-hundred day moving average is $3.29. Invesco S&P SmallCap Energy ETF has a 52-week low of $2.00 and a 52-week high of $8.59.

Institutional investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Energy ETF in the 2nd quarter worth approximately $38,000. Jane Street Group LLC bought a new position in Invesco S&P SmallCap Energy ETF in the 2nd quarter worth approximately $64,000. Royal Bank of Canada boosted its stake in Invesco S&P SmallCap Energy ETF by 2,073.9% in the 1st quarter. Royal Bank of Canada now owns 43,935 shares of the company’s stock worth $96,000 after purchasing an additional 41,914 shares during the period. Morgan Stanley boosted its stake in Invesco S&P SmallCap Energy ETF by 11.2% in the 1st quarter. Morgan Stanley now owns 57,623 shares of the company’s stock worth $126,000 after purchasing an additional 5,809 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in Invesco S&P SmallCap Energy ETF in the 2nd quarter worth approximately $234,000.

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.

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