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 PSCU’s top holdings, Otter Tail (OTTR), a 4.3% weight, announced a private placement of $170 million in long-term senior unsecured notes to fund capital spending, refinance existing debt, and for general corporate purposes, under an agreement that also adds leverage and other financial restrictions. Clearway Energy (CWEN), weighted at 3.8% in the fund, drew fresh attention after a Bank of America Securities analyst reiterated a Buy rating and set a $38 price target, reinforcing a broader Strong Buy consensus and modest expected upside from recent trading levels.