Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Sees Large Growth in Short Interest

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 3,200 shares, an increase of 10.3% from the September 30th total of 2,900 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

A hedge fund recently raised its stake in Invesco High Yield Bond Factor ETF stock. MRA Advisory Group grew its holdings in shares of Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 505,301 shares of the company’s stock after acquiring an additional 17,073 shares during the period. Invesco High Yield Bond Factor ETF comprises about 6.3% of MRA Advisory Group’s investment portfolio, making the stock its 3rd biggest holding. MRA Advisory Group owned approximately 21.69% of Invesco High Yield Bond Factor ETF worth $11,468,000 at the end of the most recent quarter.

Invesco High Yield Bond Factor ETF Stock Performance

Invesco High Yield Bond Factor ETF stock traded down $0.04 during midday trading on Thursday, hitting $22.52. 716 shares of the company were exchanged, compared to its average volume of 12,381. Invesco High Yield Bond Factor ETF has a fifty-two week low of $20.84 and a fifty-two week high of $22.96. The company’s fifty day moving average price is $22.62 and its 200-day moving average price is $22.36.

Invesco High Yield Bond Factor ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were paid a $0.136 dividend. The ex-dividend date was Monday, October 21st. This represents a $1.63 annualized dividend and a dividend yield of 7.25%.

About Invesco High Yield Bond Factor ETF

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.