Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Sees Large Decline in Short Interest

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 23,300 shares, a decrease of 38.5% from the February 28th total of 37,900 shares. Based on an average daily volume of 14,700 shares, the short-interest ratio is currently 1.6 days. Approximately 1.0% of the shares of the company are short sold.

Invesco High Yield Bond Factor ETF Stock Performance

NASDAQ:IHYF traded down $0.02 during trading hours on Monday, reaching $22.35. The stock had a trading volume of 4,897 shares, compared to its average volume of 11,599. The stock has a 50 day simple moving average of $22.59 and a 200 day simple moving average of $22.62. Invesco High Yield Bond Factor ETF has a 12-month low of $21.82 and a 12-month high of $22.96.

Invesco High Yield Bond Factor ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.1384 dividend. This is a boost from Invesco High Yield Bond Factor ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

Several institutional investors have recently added to or reduced their stakes in IHYF. Independent Advisor Alliance purchased a new stake in shares of Invesco High Yield Bond Factor ETF during the 4th quarter valued at approximately $1,740,000. Jane Street Group LLC bought a new stake in Invesco High Yield Bond Factor ETF during the 3rd quarter valued at $1,069,000. Finally, MRA Advisory Group lifted its position in shares of Invesco High Yield Bond Factor ETF by 5.2% during the fourth quarter. MRA Advisory Group now owns 531,435 shares of the company’s stock worth $11,963,000 after acquiring an additional 26,134 shares in the last quarter.

Invesco High Yield Bond Factor ETF Company Profile

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.