Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Down 72.0% in January

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 17,850 shares, a drop of 72.0% from the December 31st total of 63,684 shares. Based on an average daily volume of 276,757 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 276,757 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cardiff Park Advisors LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth approximately $26,000. Spire Wealth Management boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 700.0% during the 4th 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. Simplex Trading LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth approximately $38,000. Hurley Capital LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at $41,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth about $75,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 1.4%

Shares of Invesco High Yield Equity Dividend Achievers ETF stock traded down $0.31 during mid-day trading on Wednesday, hitting $21.11. 119,408 shares of the stock were exchanged, compared to its average volume of 236,583. The company has a 50-day simple moving average of $20.73 and a 200 day simple moving average of $20.88. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $18.32 and a twelve month high of $22.26.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.0818 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 4.7%.

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.