Short Interest in Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Decreases By 38.5%

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 23,300 shares, a drop of 38.5% from the February 28th total of 37,900 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Invesco High Yield Bond Factor ETF in the third quarter valued at $1,069,000. Independent Advisor Alliance bought a new position in Invesco High Yield Bond Factor ETF in the 4th quarter worth about $1,740,000. Finally, MRA Advisory Group grew its holdings in Invesco High Yield Bond Factor ETF by 5.2% during the 4th 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 in the last quarter.

Invesco High Yield Bond Factor ETF Price Performance

Shares of IHYF traded down $0.02 during trading hours on Friday, hitting $22.36. The company’s stock had a trading volume of 1,432 shares, compared to its average volume of 11,625. The business has a 50 day simple moving average of $22.59 and a two-hundred day simple moving average of $22.62. Invesco High Yield Bond Factor ETF has a 52-week low of $21.82 and a 52-week high of $22.96.

Invesco High Yield Bond Factor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.1384 dividend. This is a positive change from Invesco High Yield Bond Factor ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 24th.

Invesco High Yield Bond Factor ETF Company Profile

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.