Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Update

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 47,996 shares, a drop of 36.6% from the April 15th total of 75,703 shares. Based on an average daily trading volume, of 218,555 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.1%

Shares of PEY stock traded up $0.23 during mid-day trading on Monday, reaching $21.83. The stock had a trading volume of 367,627 shares, compared to its average volume of 388,183. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.58 and a 12-month high of $22.57. The company has a market cap of $1.03 billion, a P/E ratio of 13.11 and a beta of 0.66. The business has a 50-day simple moving average of $21.55 and a 200 day simple moving average of $21.20.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 18th will be given a $0.0906 dividend. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, May 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Comerica Bank increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the fourth quarter. Comerica Bank now owns 78,115 shares of the company’s stock valued at $1,592,000 after buying an additional 522 shares in the last quarter. Sovereign Financial Group Inc. boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% during the first quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock valued at $433,000 after acquiring an additional 526 shares during the last quarter. Stolper Co boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.8% during the fourth quarter. Stolper Co now owns 30,267 shares of the company’s stock valued at $617,000 after acquiring an additional 548 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.2% during the third quarter. Signature Estate & Investment Advisors LLC now owns 47,380 shares of the company’s stock valued at $998,000 after acquiring an additional 562 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock valued at $725,000 after acquiring an additional 584 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

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.