Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) has seen unusual trading volume, which is 45× higher than its average daily volume.
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Among its top holdings, Otter Tail (OTTR), a 4.4% weight in the ETF, updated investors on a private placement of $170 million in long-dated senior unsecured notes to fund capital spending, refinance debt, and for general corporate purposes, with new leverage covenants and prepayment terms that could shape its balance sheet over time. Clearway Energy (CWEN), at 4.0% of the portfolio, drew attention after a Bank of America Securities analyst reiterated a Buy rating and set a $38 price target, reinforcing a Strong Buy consensus and modest upside from recent trading levels. Chesapeake Utilities (CPK), weighted at 3.6%, announced that longtime CFO Beth Cooper will retire at the end of June, with current COO Jeff Sylvester set to assume the CFO role on July 1, marking a planned leadership transition in the company’s finance team.