Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Significant Growth in Short Interest

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 107,659 shares, a growth of 221.9% from the February 26th total of 33,450 shares. Based on an average daily volume of 166,434 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 166,434 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Institutional investors have recently modified their holdings of the stock. CX Institutional bought a new position in shares of Invesco CEF Income Composite ETF during the third quarter valued at $35,000. Advisory Services Network LLC bought a new position in Invesco CEF Income Composite ETF in the 3rd quarter worth about $40,000. WFA of San Diego LLC purchased a new stake in Invesco CEF Income Composite ETF during the 2nd quarter valued at about $45,000. International Assets Investment Management LLC purchased a new stake in Invesco CEF Income Composite ETF during the 4th quarter valued at about $57,000. Finally, Global Retirement Partners LLC increased its stake in Invesco CEF Income Composite ETF by 11,170.5% during the 3rd quarter. Global Retirement Partners LLC now owns 4,959 shares of the company’s stock valued at $99,000 after purchasing an additional 4,915 shares in the last quarter.

Invesco CEF Income Composite ETF Stock Performance

Shares of PCEF traded up $0.22 during mid-day trading on Wednesday, reaching $19.04. The company had a trading volume of 42,892 shares, compared to its average volume of 134,235. The company has a market capitalization of $779.50 million, a price-to-earnings ratio of 23.11 and a beta of 0.78. The firm has a 50-day moving average price of $19.87 and a 200 day moving average price of $19.90. Invesco CEF Income Composite ETF has a 52 week low of $16.35 and a 52 week high of $20.30.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.13 per share. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 8.2%.

Invesco CEF Income Composite ETF Company Profile

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).