Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Short Interest Climbs 49.0%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 162,663 shares, a growth of 49.0% from the August 31st total of 109,203 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 344,773 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Several hedge funds and other institutional investors have recently modified their holdings of PEY. Cardiff Park Advisors LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth about $27,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at $67,000. Glenmede Trust Co. NA bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at about $86,000. Cassaday & Co Wealth Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth approximately $115,000. Finally, Western Wealth Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at $189,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.1%

NASDAQ:PEY traded up $0.03 during trading hours on Thursday, hitting $22.84. 418,083 shares of the company’s stock traded hands, compared to its average volume of 325,148. The business’s fifty day simple moving average is $24.40 and its two-hundred day simple moving average is $23.10. The firm has a market cap of $1.07 billion, a P/E ratio of 13.11 and a beta of 0.66. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $19.58 and a 52 week high of $25.49.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.0932 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.12 annualized dividend and a yield of 4.9%.

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.