Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Short Interest Update

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 37,642 shares, a drop of 80.3% from the December 15th total of 191,149 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 237,759 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 237,759 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Invesco CEF Income Composite ETF

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in Invesco CEF Income Composite ETF by 1.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,898,455 shares of the company’s stock valued at $57,882,000 after purchasing an additional 46,485 shares during the period. Raymond James Financial Inc. lifted its holdings in Invesco CEF Income Composite ETF by 1.7% in the third quarter. Raymond James Financial Inc. now owns 1,172,462 shares of the company’s stock valued at $23,414,000 after acquiring an additional 19,490 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco CEF Income Composite ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock worth $18,391,000 after purchasing an additional 7,534 shares during the period. Larson Financial Group LLC boosted its stake in Invesco CEF Income Composite ETF by 55.9% during the third quarter. Larson Financial Group LLC now owns 892,450 shares of the company’s stock worth $17,822,000 after buying an additional 320,067 shares during the period. Finally, Intrua Financial LLC grew its stake in shares of Invesco CEF Income Composite ETF by 12.2% in the third quarter. Intrua Financial LLC now owns 528,169 shares of the company’s stock valued at $10,548,000 after buying an additional 57,317 shares in the last quarter.

Invesco CEF Income Composite ETF Stock Performance

Shares of NYSEARCA PCEF traded down $0.02 during midday trading on Tuesday, reaching $20.14. The stock had a trading volume of 104,962 shares, compared to its average volume of 96,517. Invesco CEF Income Composite ETF has a 12-month low of $16.35 and a 12-month high of $20.25. The stock has a 50-day moving average of $19.83 and a 200-day moving average of $19.85. The company has a market capitalization of $833.55 million, a price-to-earnings ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 24th were paid a dividend of $0.1302 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, November 24th.

About Invesco CEF Income Composite ETF

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).