Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Sees Significant Drop in Short Interest

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 1,100 shares, a decrease of 81.4% from the December 31st total of 5,900 shares. Based on an average daily volume of 7,600 shares, the short-interest ratio is currently 0.1 days.

Invesco High Yield Bond Factor ETF Price Performance

Shares of NASDAQ IHYF remained flat at $22.65 during mid-day trading on Tuesday. The company had a trading volume of 2,502 shares, compared to its average volume of 5,253. The stock’s fifty day moving average price is $22.62 and its 200 day moving average price is $22.57. Invesco High Yield Bond Factor ETF has a 52-week low of $21.82 and a 52-week high of $22.96.

Invesco High Yield Bond Factor ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a $0.1375 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is an increase from Invesco High Yield Bond Factor ETF’s previous dividend of $0.13.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

A hedge fund recently raised its stake in Invesco High Yield Bond Factor ETF stock. MRA Advisory Group increased its position in shares of Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 531,435 shares of the company’s stock after purchasing an additional 26,134 shares during the quarter. Invesco High Yield Bond Factor ETF makes up approximately 6.3% of MRA Advisory Group’s investment portfolio, making the stock its 2nd largest position. MRA Advisory Group owned about 22.14% of Invesco High Yield Bond Factor ETF worth $11,963,000 at the end of the most recent quarter.

Invesco High Yield Bond Factor ETF Company Profile

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.