Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Increases By 21.5%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 44,000 shares, a growth of 21.5% from the January 31st total of 36,200 shares. Based on an average daily volume of 190,700 shares, the short-interest ratio is currently 0.2 days.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.96 on Friday. The business’s fifty day moving average is $21.61 and its two-hundred day moving average is $21.77. The firm has a market cap of $1.23 billion, a P/E ratio of 15.46 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $19.22 and a 52 week high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a dividend of $0.0701 per share. The ex-dividend date of this dividend was Monday, February 24th.

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

A number of institutional investors have recently modified their holdings of the stock. Rialto Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at approximately $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at $32,000. Wagner Wealth Management LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $39,000. US Bancorp DE lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% during the fourth quarter. US Bancorp DE now owns 2,014 shares of the company’s stock valued at $43,000 after acquiring an additional 1,430 shares during the period. Finally, Synergy Investment Management LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $68,000.

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.