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

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

Invesco High Yield Bond Factor ETF Stock Down 0.1 %

Shares of NASDAQ IHYF traded down $0.02 during trading on Monday, hitting $22.35. The company had a trading volume of 4,897 shares, compared to its average volume of 11,599. Invesco High Yield Bond Factor ETF has a 12 month low of $21.82 and a 12 month high of $22.96. The stock has a 50 day simple moving average of $22.59 and a 200 day simple moving average of $22.62.

Invesco High Yield Bond Factor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given 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 of this dividend was Monday, March 24th.

Institutional Trading of Invesco High Yield Bond Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IHYF. Independent Advisor Alliance bought a new position in Invesco High Yield Bond Factor ETF in the 4th quarter worth $1,740,000. MRA Advisory Group lifted its position in shares of Invesco High Yield Bond Factor ETF by 5.2% in the fourth quarter. MRA Advisory Group now owns 531,435 shares of the company’s stock valued at $11,963,000 after acquiring an additional 26,134 shares in the last quarter. Finally, 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.

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.