Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Update

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 28,200 shares, a drop of 24.0% from the April 30th total of 37,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 199,800 shares, the days-to-cover ratio is presently 0.1 days.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Invesco High Yield Equity Dividend Achievers ETF stock opened at $20.28 on Monday. The stock’s 50 day moving average is $20.10 and its 200 day moving average is $21.19. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $18.32 and a one year high of $23.22. The firm has a market cap of $1.11 billion, a P/E ratio of 13.81 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.0855 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.03 annualized dividend and a yield of 5.06%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $25,000. Capital Analysts LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at $27,000. Millstone Evans Group LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at $33,000. Wagner Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth about $39,000. Finally, US Bancorp DE raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% in the 4th quarter. US Bancorp DE now owns 2,014 shares of the company’s stock worth $43,000 after acquiring an additional 1,430 shares in the last quarter.

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.