Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Large Growth in Short Interest

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 85,919 shares, a growth of 132.9% from the July 15th total of 36,886 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 242,671 shares, the days-to-cover ratio is currently 0.4 days.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of PEY stock traded down $0.03 during midday trading on Friday, hitting $25.21. 297,687 shares of the company were exchanged, compared to its average volume of 323,863. The firm has a market capitalization of $1.18 billion, a P/E ratio of 13.11 and a beta of 0.65. The firm’s 50 day moving average price is $23.88 and its two-hundred day moving average price is $22.51. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $19.58 and a 52 week high of $25.29.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a dividend of $0.0971 per share. The ex-dividend date was Monday, July 20th.

Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cardiff Park Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth approximately $26,000. Palisade Asset Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at $82,000. Glenmede Trust Co. NA acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $86,000. Private Trust Co. NA increased its position in Invesco High Yield Equity Dividend Achievers ETF by 25.9% during the 4th quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock worth $105,000 after buying an additional 1,062 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth $115,000.

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.