Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Short Interest Drops 64.9%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 57,140 shares, a decline of 64.9% from the September 15th total of 162,663 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 375,934 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cardiff Park Advisors LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $27,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at approximately $67,000. Glenmede Trust Co. NA purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the first quarter worth $86,000. Cassaday & Co Wealth Management LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth about $115,000. Finally, Western Wealth Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at approximately $189,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of PEY stock traded up $0.05 on Tuesday, hitting $23.11. The company had a trading volume of 320,809 shares, compared to its average volume of 324,888. The firm has a market cap of $1.08 billion, a P/E ratio of 13.11 and a beta of 0.67. The stock’s 50-day moving average is $24.16 and its two-hundred day moving average is $23.22. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $19.58 and a twelve month high of $25.49.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.0932 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Monday, August 24th.

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.