Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Declines By 15.5%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 37,200 shares, a decrease of 15.5% from the February 13th total of 44,000 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 203,400 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.3% during the 4th quarter. Bank of America Corp DE now owns 6,148,404 shares of the company’s stock valued at $130,715,000 after acquiring an additional 141,047 shares during the period. LPL Financial LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.4% during the 4th quarter. LPL Financial LLC now owns 1,937,371 shares of the company’s stock valued at $41,188,000 after acquiring an additional 46,018 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at about $13,455,000. Cetera Investment Advisers boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 407,172 shares of the company’s stock valued at $8,656,000 after acquiring an additional 6,083 shares during the period. Finally, Waverly Advisors LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 0.4% during the 4th quarter. Waverly Advisors LLC now owns 380,351 shares of the company’s stock valued at $8,086,000 after acquiring an additional 1,418 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.1 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.66 on Tuesday. The firm has a market capitalization of $1.21 billion, a PE ratio of 15.46 and a beta of 0.87. The business’s 50-day moving average price is $21.65 and its 200-day moving average price is $21.78. 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were given a dividend of $0.0701 per share. The ex-dividend date was Monday, February 24th.

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.