Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Up 84.1% in March

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 45,657 shares, an increase of 84.1% from the March 15th total of 24,796 shares. Based on an average trading volume of 1,035,405 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

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

A number of institutional investors have recently made changes to their positions in PEY. Northwestern Mutual Wealth Management Co. increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock valued at $5,469,000 after purchasing an additional 163,387 shares during the last quarter. Good Steward Wealth Advisors LLC increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 81.2% in the third quarter. Good Steward Wealth Advisors LLC now owns 190,194 shares of the company’s stock valued at $4,007,000 after purchasing an additional 85,255 shares during the last quarter. Virtu Financial LLC increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 402.6% in the fourth quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock valued at $1,715,000 after purchasing an additional 67,392 shares during the last quarter. Royal Bank of Canada increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 28.2% in the fourth quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock valued at $5,366,000 after purchasing an additional 57,841 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $636,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.2%

Shares of NASDAQ PEY traded up $0.05 during trading on Tuesday, reaching $21.65. The company had a trading volume of 363,739 shares, compared to its average volume of 446,527. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $19.05 and a twelve month high of $22.45. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.11 and a beta of 0.67. The stock has a 50-day moving average price of $21.53 and a two-hundred day moving average price of $21.05.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.0711 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco High Yield Equity Dividend Achievers ETF

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.