Short Interest in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Drops By 30.0%

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 33,450 shares, a drop of 30.0% from the February 12th total of 47,763 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 120,557 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 120,557 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Invesco CEF Income Composite ETF Trading Down 0.7%

Shares of PCEF stock traded down $0.14 during trading on Friday, hitting $19.16. The company’s stock had a trading volume of 110,011 shares, compared to its average volume of 135,770. The company has a market cap of $784.41 million, a PE ratio of 23.11 and a beta of 0.78. The business has a fifty day moving average of $20.00 and a 200-day moving average of $19.94. Invesco CEF Income Composite ETF has a 52 week low of $16.35 and a 52 week high of $20.30.

Invesco CEF Income Composite ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 8.1%.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PCEF. NewEdge Advisors LLC increased its holdings in Invesco CEF Income Composite ETF by 3.4% during the fourth quarter. NewEdge Advisors LLC now owns 42,385 shares of the company’s stock worth $843,000 after buying an additional 1,389 shares during the last quarter. Palisade Capital Management LP bought a new stake in shares of Invesco CEF Income Composite ETF in the 4th quarter worth approximately $312,000. Gotham Asset Management LLC lifted its stake in Invesco CEF Income Composite ETF by 89.2% in the fourth quarter. Gotham Asset Management LLC now owns 36,739 shares of the company’s stock valued at $730,000 after purchasing an additional 17,321 shares during the last quarter. &PARTNERS bought a new position in Invesco CEF Income Composite ETF during the fourth quarter valued at $334,000. Finally, Royal Bank of Canada raised its stake in shares of Invesco CEF Income Composite ETF by 62.4% in the fourth quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock valued at $60,520,000 after buying an additional 1,169,654 shares during the period.

Invesco CEF Income Composite ETF Company Profile

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).