Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Up 267.7% in June

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 11,400 shares, a growth of 267.7% from the June 15th total of 3,100 shares. Based on an average trading volume of 211,800 shares, the days-to-cover ratio is presently 0.1 days.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

NASDAQ PEY traded up $0.13 during trading on Friday, hitting $20.37. 175,578 shares of the company’s stock traded hands, compared to its average volume of 293,333. The firm has a market cap of $1.18 billion, a P/E ratio of 14.21 and a beta of 0.87. The stock has a fifty day moving average of $19.92 and a two-hundred day moving average of $20.08. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $17.94 and a 12-month high of $21.50.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.0715 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.86 dividend on an annualized basis and a yield of 4.21%.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.8% during the fourth quarter. Private Advisor Group LLC now owns 66,096 shares of the company’s stock valued at $1,397,000 after acquiring an additional 551 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,127 shares of the company’s stock valued at $66,000 after purchasing an additional 625 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 53,099 shares of the company’s stock valued at $1,123,000 after buying an additional 768 shares during the period. Mather Group LLC. raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 8.7% in the second quarter. Mather Group LLC. now owns 12,501 shares of the company’s stock worth $258,000 after buying an additional 1,005 shares in the last quarter. Finally, Pasadena Private Wealth LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 4.7% in the fourth quarter. Pasadena Private Wealth LLC now owns 23,341 shares of the company’s stock worth $493,000 after buying an additional 1,047 shares during the period.

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.