Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Update

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 75,200 shares, a growth of 98.4% from the March 15th total of 37,900 shares. Based on an average trading volume of 210,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $13,455,000. Founders Grove Wealth Partners LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth $4,871,000. Bank of America Corp DE increased its position in Invesco High Yield Equity Dividend Achievers ETF by 2.3% during the fourth quarter. Bank of America Corp DE now owns 6,148,404 shares of the company’s stock worth $130,715,000 after buying an additional 141,047 shares during the last quarter. Virtu Financial LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $1,945,000. Finally, Axis Wealth Partners LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter valued at about $1,598,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of NASDAQ:PEY traded up $0.18 during midday trading on Thursday, hitting $19.57. 194,567 shares of the stock were exchanged, compared to its average volume of 200,975. The business’s fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $21.58. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $18.32 and a 52-week high of $23.22. The company has a market capitalization of $1.08 billion, a PE ratio of 14.15 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.