Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Down 72.0% in January

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 17,850 shares, a decline of 72.0% from the December 31st total of 63,684 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 276,757 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 276,757 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of PEY. Cardiff Park Advisors LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $26,000. Spire Wealth Management boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after buying an additional 1,505 shares during the period. Simplex Trading LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter worth $38,000. Hurley Capital LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth $41,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $75,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY stock traded up $0.42 during trading hours on Friday, hitting $21.63. The company had a trading volume of 245,295 shares, compared to its average volume of 241,115. The stock has a market capitalization of $1.06 billion, a PE ratio of 13.11 and a beta of 0.74. The company’s fifty day moving average is $20.82 and its 200 day moving average is $20.89. 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.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a $0.0818 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

About Invesco High Yield Equity Dividend Achievers ETF

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.