Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Up 132.9% in July

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 85,919 shares, a growth of 132.9% from the July 15th total of 36,886 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 242,671 shares, the short-interest ratio is currently 0.4 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEY. Cardiff Park Advisors LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at $26,000. Palisade Asset Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth $82,000. Glenmede Trust Co. NA bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth $86,000. Private Trust Co. NA grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.9% in the fourth quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock worth $105,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at $115,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.1%

NASDAQ PEY traded down $0.03 on Friday, hitting $25.21. The stock had a trading volume of 297,687 shares, compared to its average volume of 323,863. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.58 and a one year high of $25.29. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 13.11 and a beta of 0.65. The company’s 50-day moving average is $23.88 and its two-hundred day moving average is $22.51.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were given a dividend of $0.0971 per share. The ex-dividend date was Monday, July 20th.

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.