Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Sees Significant Increase in Short Interest

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 8,400 shares, an increase of 223.1% from the January 15th total of 2,600 shares. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Independent Advisor Alliance acquired a new position in Invesco High Yield Bond Factor ETF in the fourth quarter worth about $1,740,000. Jane Street Group LLC acquired a new position in shares of Invesco High Yield Bond Factor ETF during the third quarter worth approximately $1,069,000. Finally, MRA Advisory Group boosted its position in shares of Invesco High Yield Bond Factor ETF by 5.2% during the fourth quarter. MRA Advisory Group now owns 531,435 shares of the company’s stock worth $11,963,000 after buying an additional 26,134 shares during the period.

Invesco High Yield Bond Factor ETF Price Performance

Shares of IHYF stock traded down $0.01 during mid-day trading on Wednesday, hitting $22.51. 4,386 shares of the company’s stock were exchanged, compared to its average volume of 13,017. Invesco High Yield Bond Factor ETF has a fifty-two week low of $21.82 and a fifty-two week high of $22.96. The stock has a 50-day simple moving average of $22.61 and a two-hundred day simple moving average of $22.58.

Invesco High Yield Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were given a $0.1375 dividend. This is a positive change from Invesco High Yield Bond Factor ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Tuesday, January 21st.

Invesco High Yield Bond Factor ETF Company Profile

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.