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Invesco S&P SmallCap Materials ETF (NASDAQ: PSCM - Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 3,917 shares, a growth of 33.5% from the December 31st total of 2,934 shares. Based on an average daily trading volume, of 4,897 shares,
Small-cap stocks have been in the limelight amid the market rotation. Many ETFs in the space are hitting new 52-week highs.
Wall Street regained momentum in the recent sessions, driven by solid corporate earnings and renewed bets for Fed rate cuts. In fact, major indices have risen in the last three days, with the S&P 500 notching its best three-day run of 2024.
These sectors appear to be the rising stars in the otherwise dull Q1 small-cap earnings season.
Small-cap stocks have been staging a decent performance in recent times. These small-cap sector ETFs put up good numbers in the ongoing fourth-quarter earnings reporting season.
Thanks to the historical trend of "January Effect," small-cap securities have proven their outperformance in January.
Earnings growth rate of S&P 600 companies is higher than S&P 500 companies. Investors may tap these small-cap sector ETFs.
In line with the old adage "Sell in May and Go Away", May 2022 was not free from shockwaves thanks to high inflation and rising rate worries due to a hawkish Fed.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.