Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Sees Significant Drop in Short Interest

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a drop of 96.4% from the January 31st total of 8,400 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Invesco High Yield Bond Factor ETF

A number of hedge funds have recently modified their holdings of IHYF. Jane Street Group LLC purchased a new position in shares of Invesco High Yield Bond Factor ETF in the third quarter valued at about $1,069,000. MRA Advisory Group increased its position in shares of Invesco High Yield Bond Factor ETF by 5.2% during the fourth quarter. MRA Advisory Group now owns 531,435 shares of the company’s stock valued at $11,963,000 after buying an additional 26,134 shares during the period. Finally, Independent Advisor Alliance bought a new position in shares of Invesco High Yield Bond Factor ETF in the fourth quarter worth approximately $1,740,000.

Invesco High Yield Bond Factor ETF Price Performance

NASDAQ:IHYF traded down $0.06 during trading hours on Thursday, reaching $22.61. The company’s stock had a trading volume of 23,614 shares, compared to its average volume of 12,229. The firm has a 50-day simple moving average of $22.58 and a 200-day simple moving average of $22.60. Invesco High Yield Bond Factor ETF has a 1 year low of $21.82 and a 1 year high of $22.96.

Invesco High Yield Bond Factor ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 24th will be given a $0.1361 dividend. The ex-dividend date is Monday, February 24th.

About Invesco High Yield Bond Factor ETF

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.