Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Drops By 23.3%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 159,200 shares, a decrease of 23.3% from the October 15th total of 207,600 shares. Based on an average daily volume of 182,700 shares, the short-interest ratio is presently 0.9 days.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Invesco High Yield Equity Dividend Achievers ETF stock remained flat at $22.08 during mid-day trading on Friday. 158,523 shares of the company’s stock traded hands, compared to its average volume of 252,971. The business has a 50-day moving average of $21.77 and a two-hundred day moving average of $20.93. The stock has a market cap of $1.25 billion, a PE ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.14 and a one year high of $22.46.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a dividend of $0.09 per share. The ex-dividend date was Monday, October 21st. This represents a $1.08 dividend on an annualized basis and a yield of 4.89%. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of hedge funds have recently added to or reduced their stakes in PEY. Fortitude Family Office LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth approximately $31,000. Fifth Third Bancorp raised its position in Invesco High Yield Equity Dividend Achievers ETF by 81.7% in the second quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock worth $71,000 after acquiring an additional 1,634 shares in the last quarter. CWM LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 164.6% in the second quarter. CWM LLC now owns 4,213 shares of the company’s stock valued at $83,000 after acquiring an additional 2,621 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 889.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after purchasing an additional 3,977 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth $106,000.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

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.