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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a large drop in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 294,369 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 294,369 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

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

Several hedge funds have recently made changes to their positions in the business. Cardiff Park Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth approximately $26,000. Spire Wealth Management grew its position in Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the fourth quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock worth $35,000 after buying an additional 1,505 shares during the last quarter. Simplex Trading LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at $38,000. Hurley Capital LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at $41,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at $75,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY traded down $0.13 during midday trading on Friday, reaching $21.48. The stock had a trading volume of 143,079 shares, compared to its average volume of 266,844. The company has a market capitalization of $1.07 billion, a P/E ratio of 13.11 and a beta of 0.74. The firm’s 50 day moving average price is $20.56 and its 200-day moving average price is $20.88. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $18.32 and a 52 week high of $22.26.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

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

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.