Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Short Interest Update

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 191,149 shares, a decline of 20.8% from the November 30th total of 241,243 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 123,691 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 123,691 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the shares of the company are sold short.

Invesco CEF Income Composite ETF Stock Performance

Shares of PCEF opened at $19.81 on Tuesday. Invesco CEF Income Composite ETF has a 52-week low of $16.35 and a 52-week high of $20.25. The stock’s 50-day simple moving average is $19.83 and its 200 day simple moving average is $19.80. The stock has a market capitalization of $857.18 million, a price-to-earnings ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 24th were given a $0.1302 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Monday, November 24th.

Institutional Trading of Invesco CEF Income Composite ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. CX Institutional purchased a new position in shares of Invesco CEF Income Composite ETF during the 3rd quarter valued at $35,000. Advisory Services Network LLC purchased a new position in Invesco CEF Income Composite ETF during the third quarter worth about $40,000. WFA of San Diego LLC bought a new position in Invesco CEF Income Composite ETF in the 2nd quarter worth about $45,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco CEF Income Composite ETF by 184.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,260 shares of the company’s stock valued at $80,000 after acquiring an additional 2,760 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the 2nd quarter valued at about $92,000.

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).