Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Short Interest Rises 49.0%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 162,663 shares, an increase of 49.0% from the August 31st total of 109,203 shares. Based on an average trading volume of 344,773 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sovereign Financial Group Inc. lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% in the first quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock worth $433,000 after buying an additional 526 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in 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 acquiring an additional 584 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,010 shares of the company’s stock valued at $279,000 after acquiring an additional 798 shares in the last quarter. BKM Wealth Management LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.1% in the 1st quarter. BKM Wealth Management LLC now owns 31,755 shares of the company’s stock valued at $680,000 after acquiring an additional 940 shares in the last quarter. Finally, Cardiff Park Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at about $27,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of PEY stock traded up $0.06 during mid-day trading on Friday, hitting $22.89. The company’s stock had a trading volume of 391,747 shares, compared to its average volume of 325,478. The company has a market cap of $1.08 billion, a PE ratio of 13.11 and a beta of 0.66. The company’s fifty day simple moving average is $24.38 and its 200-day simple moving average is $23.12. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $19.58 and a 52 week high of $25.49.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.0932 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, August 24th.

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.