Short Interest in Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Grows By 12,533.3%

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 37,900 shares, a growth of 12,533.3% from the February 13th total of 300 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 12,500 shares, the short-interest ratio is presently 3.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Independent Advisor Alliance bought a new stake in Invesco High Yield Bond Factor ETF in the 4th quarter valued at $1,740,000. MRA Advisory Group boosted its holdings in shares of 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 worth $11,963,000 after buying an additional 26,134 shares during the period. Finally, Jane Street Group LLC acquired a new position in Invesco High Yield Bond Factor ETF in the 3rd quarter valued at about $1,069,000.

Invesco High Yield Bond Factor ETF Trading Down 0.5 %

Shares of Invesco High Yield Bond Factor ETF stock traded down $0.12 on Wednesday, reaching $22.53. 32,835 shares of the company were exchanged, compared to its average volume of 16,483. Invesco High Yield Bond Factor ETF has a one year low of $21.82 and a one year high of $22.96. The company has a 50-day moving average of $22.60 and a 200 day moving average of $22.62.

Invesco High Yield Bond Factor ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a $0.1361 dividend. The ex-dividend date of this dividend was Monday, February 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.