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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 28,200 shares, a decline of 24.0% from the April 30th total of 37,100 shares. Based on an average daily volume of 199,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.8%

Shares of NASDAQ PEY traded up $0.16 during trading hours on Tuesday, reaching $20.35. The stock had a trading volume of 116,408 shares, compared to its average volume of 195,523. The firm has a 50-day moving average of $20.08 and a 200-day moving average of $21.18. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 13.81 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $18.32 and a fifty-two week high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were issued a $0.0855 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Curi RMB Capital LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 139.2% during the first quarter. Curi RMB Capital LLC now owns 24,451 shares of the company’s stock worth $525,000 after buying an additional 14,228 shares during the period. Apexium Financial LP lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 82.4% in the first quarter. Apexium Financial LP now owns 99,637 shares of the company’s stock valued at $2,139,000 after purchasing an additional 45,024 shares during the period. Comerica Bank increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 69.5% in the first quarter. Comerica Bank now owns 77,802 shares of the company’s stock valued at $1,670,000 after buying an additional 31,898 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 16.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 130,505 shares of the company’s stock worth $2,802,000 after purchasing an additional 18,006 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at about $1,290,000.

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.