Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Sees Large Growth in Short Interest

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 4,900 shares, an increase of 113.0% from the May 15th total of 2,300 shares. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is presently 0.3 days.

Invesco High Yield Bond Factor ETF Trading Down 0.5 %

Shares of IHYF traded down $0.11 during mid-day trading on Friday, reaching $22.21. The company’s stock had a trading volume of 92 shares, compared to its average volume of 17,642. Invesco High Yield Bond Factor ETF has a 12-month low of $20.78 and a 12-month high of $22.42. The company’s 50 day moving average is $22.11 and its 200 day moving average is $22.16.

Invesco High Yield Bond Factor ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 24th. Investors of record on Tuesday, May 21st were given a $0.1235 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend was Monday, May 20th.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IHYF. Hobart Private Capital LLC purchased a new stake in Invesco High Yield Bond Factor ETF in the fourth quarter valued at $260,000. PAX Financial Group LLC purchased a new stake in shares of Invesco High Yield Bond Factor ETF in the third quarter valued at about $299,000. Avestar Capital LLC raised its holdings in shares of Invesco High Yield Bond Factor ETF by 24.4% in the fourth quarter. Avestar Capital LLC now owns 21,729 shares of the company’s stock valued at $486,000 after buying an additional 4,261 shares during the last quarter. Finally, Simplicity Wealth LLC raised its holdings in shares of Invesco High Yield Bond Factor ETF by 354.4% in the fourth quarter. Simplicity Wealth LLC now owns 60,847 shares of the company’s stock valued at $1,362,000 after buying an additional 47,456 shares during the last quarter.

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.