Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Down 36.6% in April

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 47,996 shares, a decrease of 36.6% from the April 15th total of 75,703 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 218,555 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the 4th quarter. Comerica Bank now owns 78,115 shares of the company’s stock worth $1,592,000 after buying an additional 522 shares during the period. Sovereign Financial Group Inc. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock worth $433,000 after buying an additional 526 shares during the last quarter. Stolper Co grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.8% in the 4th quarter. Stolper Co now owns 30,267 shares of the company’s stock worth $617,000 after buying an additional 548 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.2% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 47,380 shares of the company’s stock worth $998,000 after buying an additional 562 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock worth $725,000 after buying an additional 584 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

PEY stock traded up $0.07 during trading on Tuesday, hitting $21.90. 195,126 shares of the company traded hands, compared to its average volume of 386,059. The firm has a market capitalization of $1.04 billion, a PE ratio of 13.11 and a beta of 0.66. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $19.58 and a 1 year high of $22.57. The company has a 50-day moving average of $21.55 and a 200-day 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. Shareholders of record on Monday, May 18th will be given a dividend of $0.0906 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, May 18th. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08.

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.