Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Update

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 75,200 shares, a growth of 98.4% from the March 15th total of 37,900 shares. Based on an average daily volume of 210,400 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PEY. RFG Advisory LLC boosted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.3% in the 4th quarter. RFG Advisory LLC now owns 36,500 shares of the company’s stock valued at $776,000 after purchasing an additional 474 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Invesco High Yield Equity Dividend Achievers ETF by 0.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 151,213 shares of the company’s stock valued at $3,215,000 after purchasing an additional 583 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 95,983 shares of the company’s stock valued at $2,041,000 after purchasing an additional 610 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 112,345 shares of the company’s stock worth $2,388,000 after purchasing an additional 632 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% in the fourth quarter. Truist Financial Corp now owns 23,973 shares of the company’s stock valued at $510,000 after buying an additional 634 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.9 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock traded down $0.17 on Wednesday, hitting $19.41. The stock had a trading volume of 186,803 shares, compared to its average volume of 201,304. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 14.15 and a beta of 0.87. The business’s 50 day moving average is $21.16 and its two-hundred day moving average is $21.60. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $18.32 and a twelve month high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, March 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.