Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Short Interest Update

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 52,502 shares, a growth of 39.5% from the December 31st total of 37,642 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 95,465 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 95,465 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Invesco CEF Income Composite ETF Trading Down 0.0%

PCEF stock traded down $0.01 during midday trading on Friday, hitting $20.11. 118,124 shares of the company’s stock were exchanged, compared to its average volume of 141,801. The stock has a market capitalization of $830.95 million, a price-to-earnings ratio of 23.11 and a beta of 0.78. The firm has a 50 day moving average price of $19.93 and a 200-day moving average price of $19.89. Invesco CEF Income Composite ETF has a 12-month low of $16.35 and a 12-month high of $20.25.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.1301 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Tuesday, January 20th.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CX Institutional bought a new stake in Invesco CEF Income Composite ETF in the 3rd quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the third quarter valued at approximately $40,000. WFA of San Diego LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the second quarter valued at approximately $45,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco CEF Income Composite ETF during the second quarter worth approximately $92,000. Finally, Global Retirement Partners LLC grew its holdings in Invesco CEF Income Composite ETF by 11,170.5% in the 3rd quarter. Global Retirement Partners LLC now owns 4,959 shares of the company’s stock worth $99,000 after buying an additional 4,915 shares in the last quarter.

Invesco CEF Income Composite ETF Company Profile

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).