Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Up 358.1% in December

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 89,851 shares, an increase of 358.1% from the November 30th total of 19,612 shares. Based on an average daily trading volume, of 673,464 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 673,464 shares, the days-to-cover ratio is presently 0.1 days.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Invesco High Yield Equity Dividend Achievers ETF stock traded up $0.02 during midday trading on Friday, hitting $20.57. 242,048 shares of the company were exchanged, compared to its average volume of 258,585. The company has a market cap of $1.06 billion, a PE ratio of 13.11 and a beta of 0.74. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $18.32 and a fifty-two week high of $22.26. The company’s fifty day moving average price is $20.52 and its 200-day moving average price is $20.81.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be paid a $0.0822 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 4.8%.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 1.2% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 47,380 shares of the company’s stock valued at $998,000 after buying an additional 562 shares during the last quarter. Mariner LLC lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.4% in the third quarter. Mariner LLC now owns 42,121 shares of the company’s stock worth $887,000 after acquiring an additional 597 shares in the last quarter. Brick & Kyle Associates boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the second quarter. Brick & Kyle Associates now owns 105,613 shares of the company’s stock valued at $2,242,000 after purchasing an additional 723 shares during the last quarter. MML Investors Services LLC grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.2% during the 2nd quarter. MML Investors Services LLC now owns 67,607 shares of the company’s stock valued at $1,380,000 after purchasing an additional 783 shares in the last quarter. Finally, Stolper Co increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 3.2% during the 2nd quarter. Stolper Co now owns 29,786 shares of the company’s stock worth $608,000 after purchasing an additional 927 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.