Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Down 15.5% in February

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 37,200 shares, a decline of 15.5% from the February 13th total of 44,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 203,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.3% during the 4th quarter. Bank of America Corp DE now owns 6,148,404 shares of the company’s stock worth $130,715,000 after acquiring an additional 141,047 shares in the last quarter. LPL Financial LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.4% during the 4th quarter. LPL Financial LLC now owns 1,937,371 shares of the company’s stock worth $41,188,000 after purchasing an additional 46,018 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth approximately $13,455,000. Cetera Investment Advisers raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 407,172 shares of the company’s stock worth $8,656,000 after purchasing an additional 6,083 shares during the last quarter. Finally, Waverly Advisors LLC lifted its stake in Invesco High Yield Equity Dividend Achievers ETF by 0.4% in the 4th quarter. Waverly Advisors LLC now owns 380,351 shares of the company’s stock valued at $8,086,000 after buying an additional 1,418 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

NASDAQ:PEY traded up $0.08 during trading hours on Wednesday, hitting $21.67. The company’s stock had a trading volume of 146,895 shares, compared to its average volume of 202,314. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $19.22 and a 52-week high of $23.22. The business’s 50-day moving average is $21.66 and its two-hundred day moving average is $21.77. The company has a market capitalization of $1.21 billion, a PE ratio of 15.66 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

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