Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Update

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 75,500 shares, a decrease of 33.7% from the December 31st total of 113,900 shares. Based on an average trading volume of 202,200 shares, the days-to-cover ratio is presently 0.4 days.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 1.0 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.85 on Wednesday. The firm has a market capitalization of $1.22 billion, a PE ratio of 14.21 and a beta of 0.87. The business’s 50-day moving average price is $21.82 and its 200-day moving average price is $21.63. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $19.22 and a 12 month high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 21st were given a dividend of $0.0837 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently bought and sold shares of the stock. Compass Financial Services Inc bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth approximately $264,000. Crews Bank & Trust purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter valued at $153,000. SteelPeak Wealth LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter valued at $670,000. Apexium Financial LP purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth $1,161,000. Finally, Novare Capital Management LLC raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 14.7% in the fourth quarter. Novare Capital Management LLC now owns 11,735 shares of the company’s stock worth $249,000 after purchasing an additional 1,500 shares during the last quarter.

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.