Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Down 36.9% in December

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 113,900 shares, a decline of 36.9% from the November 30th total of 180,400 shares. Based on an average daily volume of 195,600 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 889.7% during the third quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after acquiring an additional 3,977 shares in the last quarter. Financial Insights Inc. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.7% in the third quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock valued at $309,000 after purchasing an additional 500 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at $376,000. Finally, Consolidated Portfolio Review Corp raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 18.6% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 17,757 shares of the company’s stock valued at $349,000 after purchasing an additional 2,788 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.5 %

Shares of NASDAQ PEY opened at $21.47 on Friday. The stock has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $21.32. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be paid a $0.083 dividend. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08. The ex-dividend date of this dividend is Monday, December 23rd.

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.