Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Declines By 15.5%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 37,200 shares, a decline of 15.5% from the February 13th total of 44,000 shares. Based on an average daily volume of 203,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several hedge funds have recently bought and sold shares of PEY. Rialto Wealth Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth about $25,000. ST Germain D J Co. Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth about $32,000. Wagner Wealth Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth about $39,000. US Bancorp DE boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% in the fourth quarter. US Bancorp DE now owns 2,014 shares of the company’s stock worth $43,000 after acquiring an additional 1,430 shares during the period. Finally, Synergy Investment Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth about $68,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

NASDAQ:PEY opened at $21.66 on Tuesday. The stock has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $21.78. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $19.22 and a 52-week high of $23.22. The firm has a market capitalization of $1.21 billion, a PE ratio of 15.46 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a dividend of $0.0701 per share. The ex-dividend date of this dividend was Monday, February 24th.

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.