Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Short Interest Declines 64.9%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 57,140 shares, a drop of 64.9% from the September 15th total of 162,663 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 375,934 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PEY. Investors Research Corp grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.9% in the third quarter. Investors Research Corp now owns 404,850 shares of the company’s stock valued at $9,236,000 after purchasing an additional 15,117 shares during the period. Private Client Services LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $291,000. Integrated Wealth Concepts LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at $67,000. NewEdge Advisors LLC lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 25.3% during the second quarter. NewEdge Advisors LLC now owns 42,146 shares of the company’s stock worth $977,000 after buying an additional 8,498 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth about $303,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Invesco High Yield Equity Dividend Achievers ETF stock traded up $0.12 during midday trading on Monday, reaching $23.05. 172,768 shares of the company were exchanged, compared to its average volume of 324,581. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.67. The firm’s 50-day simple moving average is $24.19 and its 200-day simple moving average is $23.20. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $19.58 and a 1 year high of $25.49.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.0932 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, August 24th.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.