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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 63,684 shares, a drop of 29.1% from the December 15th total of 89,851 shares. Based on an average daily volume of 294,369 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 294,369 shares, the days-to-cover ratio is currently 0.2 days.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.6%

Shares of NASDAQ PEY traded down $0.13 during mid-day trading on Friday, hitting $21.48. 143,079 shares of the company were exchanged, compared to its average volume of 266,844. The stock has a 50 day simple moving average of $20.56 and a 200-day simple moving average of $20.88. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $18.32 and a 1-year high of $22.26. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.0822 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, December 22nd.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEY. AdvisorNet Financial Inc boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 82.9% in the second quarter. AdvisorNet Financial Inc now owns 198,020 shares of the company’s stock valued at $4,042,000 after buying an additional 89,756 shares in the last quarter. Good Steward Wealth Advisors LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 81.2% in the third quarter. Good Steward Wealth Advisors LLC now owns 190,194 shares of the company’s stock valued at $4,007,000 after acquiring an additional 85,255 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth $1,581,000. CIBC Bancorp USA Inc. acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth $636,000. Finally, Aspire Capital Advisors LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 109.0% during the 4th quarter. Aspire Capital Advisors LLC now owns 50,202 shares of the company’s stock worth $1,023,000 after purchasing an additional 26,186 shares during the period.

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.