Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Large Decrease in Short Interest

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 47,996 shares, a decline of 36.6% from the April 15th total of 75,703 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 218,555 shares, the short-interest ratio is presently 0.2 days.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.3%

Shares of NASDAQ:PEY opened at $21.77 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $19.58 and a fifty-two week high of $22.57. The firm’s 50-day simple moving average is $21.56 and its 200-day simple moving average is $21.20. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 18th will be paid a $0.0906 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. The ex-dividend date is Monday, May 18th.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cardiff Park Advisors LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at about $27,000. Spire Wealth Management lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the fourth quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after purchasing an additional 1,505 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at about $75,000. Palisade Asset Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at about $82,000. Finally, Private Trust Co. NA lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.9% in the fourth quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after purchasing an additional 1,062 shares during the period.

About Invesco High Yield Equity Dividend Achievers ETF

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.