Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Down 36.9% in December

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 113,900 shares, a drop of 36.9% from the November 30th total of 180,400 shares. Based on an average daily volume of 195,600 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Synovus Financial Corp lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 17.3% during the third quarter. Synovus Financial Corp now owns 19,077 shares of the company’s stock valued at $418,000 after purchasing an additional 2,816 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 35.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 233,351 shares of the company’s stock worth $5,313,000 after buying an additional 60,693 shares in the last quarter. Cresta Advisors Ltd. boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.6% in the 3rd quarter. Cresta Advisors Ltd. now owns 97,319 shares of the company’s stock worth $2,134,000 after buying an additional 1,566 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 48.2% in the third quarter. Stifel Financial Corp now owns 57,844 shares of the company’s stock valued at $1,269,000 after acquiring an additional 18,823 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 28.1% during the third quarter. IHT Wealth Management LLC now owns 43,978 shares of the company’s stock valued at $963,000 after acquiring an additional 9,648 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.5 %

PEY opened at $21.47 on Friday. The company’s fifty day moving average price is $22.07 and its two-hundred day moving average price is $21.32. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.083 per share. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

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.