Invesco S&P SmallCap Materials ETF (PSCM) Short Interest Ratio & Short Volume

Short interest is the volume of Invesco S&P SmallCap Materials ETF shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 3,500 shares of PSCM short. Learn More on Invesco S&P SmallCap Materials ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PSCM shares currently have a short interest ratio of 4.0. Learn More on Invesco S&P SmallCap Materials ETF's short interest ratio.

Invesco S&P SmallCap Materials ETF saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,500 shares, an increase of 3,400.0% from the previous total of 100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Invesco S&P SmallCap Materials ETF: Sprott Copper Miners ETF (0.29%), Xtrackers RREEF Global Natural Resources ETF (0.13%), iShares Copper and Metals Mining ETF (2.15%), iShares Lithium Miners and Producers ETF (0.11%), Themes Gold Miners ETF (4.14%), Themes Silver Miners ETF (1.50%), Invesco Dorsey Wright Basic Materials Momentum ETF (0.14%), First Trust Indxx Global Natural Resources Income ETF (0.00%), iShares Global Timber & Forestry ETF (0.66%), and iShares MSCI Global Gold Miners ETF (10.59%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling PSCM is an investing strategy that aims to generate trading profit from Invesco S&P SmallCap Materials ETF as its price is falling. PSCM shares are trading up $0.27 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Invesco S&P SmallCap Materials ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PSCM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PSCM, twice per month. The most recent reporting period available is October, 31 2024.