Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Large Growth in Short Interest

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a significant growth in short interest in 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. Based on an average trading volume of 242,671 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

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

Institutional investors have recently made changes to their positions in the stock. Cardiff Park Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at approximately $26,000. Palisade Asset Management LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth $82,000. Glenmede Trust Co. NA bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth $86,000. Private Trust Co. NA raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 25.9% in the 4th quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after acquiring an additional 1,062 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $115,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Invesco High Yield Equity Dividend Achievers ETF stock traded down $0.03 during midday trading on Friday, hitting $25.21. The company’s 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 1-year low of $19.58 and a 1-year high of $25.29. The company has a 50-day moving average price of $23.88 and a two-hundred day moving average price of $22.51. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 13.11 and a beta of 0.65.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

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