Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Large Drop in Short Interest

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 207,600 shares, a drop of 17.1% from the September 30th total of 250,400 shares. Based on an average trading volume of 185,800 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 294.2% in the 1st quarter. Cetera Investment Advisers now owns 415,494 shares of the company’s stock worth $8,580,000 after acquiring an additional 310,095 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth $3,451,000. Virtu Financial LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 259.6% in the 2nd quarter. Virtu Financial LLC now owns 174,791 shares of the company’s stock worth $3,433,000 after acquiring an additional 126,180 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 182.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 147,955 shares of the company’s stock worth $2,906,000 after acquiring an additional 95,521 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth $967,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.1 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock traded up $0.24 during trading on Monday, reaching $21.83. The company’s stock had a trading volume of 214,816 shares, compared to its average volume of 255,334. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $18.05 and a 1-year high of $22.45. The company has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $20.71.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were given a $0.09 dividend. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, October 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.95%.

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.