Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Short Interest Down 80.3% in December

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient 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. Approximately 0.1% of the shares of the company are sold short. 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. Approximately 0.1% of the shares of the company are sold short.

Invesco CEF Income Composite ETF Price Performance

Invesco CEF Income Composite ETF stock traded down $0.02 during midday trading on Thursday, reaching $20.12. 97,810 shares of the company traded hands, compared to its average volume of 95,431. Invesco CEF Income Composite ETF has a 12 month low of $16.35 and a 12 month high of $20.25. The business has a 50 day moving average of $19.84 and a two-hundred day moving average of $19.85. The firm has a market capitalization of $832.77 million, a price-to-earnings ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were issued a $0.1302 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. CX Institutional bought a new stake in shares of Invesco CEF Income Composite ETF during the 3rd quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in Invesco CEF Income Composite ETF during the third quarter valued at approximately $40,000. WFA of San Diego LLC purchased a new stake in Invesco CEF Income Composite ETF during the second quarter valued at approximately $45,000. Ameritas Advisory Services LLC bought a new position in Invesco CEF Income Composite ETF in the second quarter worth approximately $92,000. Finally, Global Retirement Partners LLC grew its position in shares of Invesco CEF Income Composite ETF by 11,170.5% during the 3rd quarter. Global Retirement Partners LLC now owns 4,959 shares of the company’s stock valued at $99,000 after acquiring an additional 4,915 shares during the period.

Invesco CEF Income Composite ETF Company Profile

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).