Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Grows By 132.9%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 85,919 shares, an increase of 132.9% from the July 15th total of 36,886 shares. Based on an average daily volume of 242,671 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY traded down $0.03 during mid-day trading on Friday, hitting $25.21. The company’s stock had a trading volume of 297,687 shares, compared to its average volume of 323,863. The firm has a 50-day moving average price of $23.88 and a 200 day moving average price of $22.51. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.11 and a beta of 0.65. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $19.58 and a fifty-two week high of $25.29.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were paid a dividend of $0.0971 per share. The ex-dividend date of this dividend was Monday, July 20th.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors and hedge funds have recently modified their holdings of PEY. Comerica Bank boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the 4th quarter. Comerica Bank now owns 78,115 shares of the company’s stock valued at $1,592,000 after purchasing an additional 522 shares during the period. Sovereign Financial Group Inc. raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock worth $433,000 after buying an additional 526 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock worth $725,000 after buying an additional 584 shares during the period. Mariner LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.4% in the third quarter. Mariner LLC now owns 42,121 shares of the company’s stock worth $887,000 after acquiring an additional 597 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.2% during the second quarter. MML Investors Services LLC now owns 67,607 shares of the company’s stock valued at $1,380,000 after acquiring an additional 783 shares during the period.

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.