Short Interest in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Expands By 49.1%

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 12,102 shares, a growth of 49.1% from the December 31st total of 8,116 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 12,343 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 12,343 shares, the short-interest ratio is currently 1.0 days. Currently, 2.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVMT. WT Wealth Management acquired a new position in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF in the fourth quarter worth about $1,155,000. Invested Advisors purchased a new position in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF in the 3rd quarter valued at about $192,000. Finally, Jane Street Group LLC raised its holdings in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF by 89.9% in the 2nd quarter. Jane Street Group LLC now owns 39,699 shares of the company’s stock worth $619,000 after purchasing an additional 18,798 shares during the period.

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF Price Performance

EVMT traded down $0.34 during midday trading on Monday, hitting $17.30. 15,217 shares of the company were exchanged, compared to its average volume of 12,191. The company’s 50 day simple moving average is $17.51 and its 200 day simple moving average is $16.71. Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF has a 1-year low of $14.27 and a 1-year high of $19.17.

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $2.0009 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 1,234.0%.

About Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

The Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund consisting of commodity-linked futures and other financial instruments that provide exposure to the various metals used to produce electric vehicles. EVMT was launched on Apr 27, 2022 and is managed by Invesco.