Short Interest in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Grows By 39.5%

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 52,502 shares, an increase of 39.5% from the December 31st total of 37,642 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 95,465 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 95,465 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of Invesco CEF Income Composite ETF by 2.7% during the first quarter. NewEdge Advisors LLC now owns 37,621 shares of the company’s stock valued at $709,000 after buying an additional 983 shares during the period. Farther Finance Advisors LLC boosted its position in Invesco CEF Income Composite ETF by 129.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,544 shares of the company’s stock valued at $128,000 after acquiring an additional 3,690 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Invesco CEF Income Composite ETF during the 2nd quarter worth approximately $92,000. Future Financial Wealth Managment LLC grew its holdings in shares of Invesco CEF Income Composite ETF by 1.9% during the 2nd quarter. Future Financial Wealth Managment LLC now owns 55,349 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,007 shares during the period. Finally, Endowment Wealth Management Inc. raised its position in shares of Invesco CEF Income Composite ETF by 10.1% in the 2nd quarter. Endowment Wealth Management Inc. now owns 21,888 shares of the company’s stock worth $428,000 after acquiring an additional 1,999 shares in the last quarter.

Invesco CEF Income Composite ETF Stock Performance

NYSEARCA PCEF opened at $20.11 on Tuesday. Invesco CEF Income Composite ETF has a fifty-two week low of $16.35 and a fifty-two week high of $20.25. The stock has a 50 day simple moving average of $19.94 and a two-hundred day simple moving average of $19.89. The stock has a market cap of $829.94 million, a P/E ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.1301 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 7.8%.

About Invesco CEF Income Composite ETF

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).