Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Short Interest Declines 64.9%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 57,140 shares, a decrease of 64.9% from the September 15th total of 162,663 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 375,934 shares, the days-to-cover ratio is presently 0.2 days.

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

A number of large investors have recently bought and sold shares of PEY. Investors Research Corp boosted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.9% in the 3rd quarter. Investors Research Corp now owns 404,850 shares of the company’s stock valued at $9,236,000 after purchasing an additional 15,117 shares during the last quarter. Private Client Services LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at $291,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at $67,000. NewEdge Advisors LLC increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 42,146 shares of the company’s stock worth $977,000 after buying an additional 8,498 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth $303,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.5%

Shares of PEY stock traded up $0.12 during trading hours on Monday, hitting $23.05. 172,768 shares of the company were exchanged, compared to its average volume of 324,581. The firm has a fifty day moving average of $24.19 and a 200 day moving average of $23.20. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $19.58 and a 1 year high of $25.49. The firm has a market cap of $1.08 billion, a PE ratio of 13.11 and a beta of 0.67.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.0932 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.12 annualized dividend and a yield of 4.9%.

About Invesco High Yield Equity Dividend Achievers ETF

(Get Free Report)

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.

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