Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Sees Significant Growth in Short Interest

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 25,855 shares, a growth of 113.6% from the January 15th total of 12,102 shares. Currently, 4.7% of the company’s stock are sold short. Based on an average daily volume of 10,953 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily volume of 10,953 shares, the days-to-cover ratio is presently 2.4 days. Currently, 4.7% of the company’s stock are sold short.

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

Shares of EVMT stock traded down $0.06 during trading on Friday, hitting $17.23. 1,614 shares of the company were exchanged, compared to its average volume of 11,060. The business’s 50-day simple moving average is $17.50 and its 200 day simple moving average is $16.81. Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF has a twelve month low of $14.27 and a twelve month high of $19.17.

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

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

Institutional Trading of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invested Advisors acquired a new stake in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF in the third quarter valued at approximately $192,000. Jane Street Group LLC grew its stake in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF by 89.9% in the second quarter. Jane Street Group LLC now owns 39,699 shares of the company’s stock worth $619,000 after acquiring an additional 18,798 shares during the last quarter. WT Wealth Management bought a new position in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF during the 4th quarter worth about $1,155,000. Finally, Trek Financial LLC bought a new position in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF during the fourth quarter valued at about $4,046,000.

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.