Short Interest in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Declines By 35.2%

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 14,978 shares, a drop of 35.2% from the January 29th total of 23,124 shares. Based on an average trading volume of 205,143 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 205,143 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Several large investors have recently modified their holdings of PHB. Arax Advisory Partners purchased a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter valued at approximately $30,000. Simplex Trading LLC bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the second quarter valued at $64,000. Kestra Advisory Services LLC bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the fourth quarter valued at $87,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter valued at $99,000. Finally, Strategic Advocates LLC bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the 3rd quarter worth $146,000.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

PHB traded down $0.03 on Tuesday, hitting $18.55. 59,574 shares of the company were exchanged, compared to its average volume of 105,104. Invesco Fundamental High Yield Corporate Bond ETF has a 12 month low of $17.33 and a 12 month high of $18.73. The firm has a fifty day simple moving average of $18.65 and a two-hundred day simple moving average of $18.60.

Invesco Fundamental High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.0887 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, January 20th. This is an increase from Invesco Fundamental High Yield Corporate Bond ETF’s previous monthly dividend of $0.09.

Invesco Fundamental High Yield Corporate Bond ETF Company Profile

The Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that is based on the RAFI Bonds US High Yield 1-10 index. The fund tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3\u002FB- and Ba1\u002FBB+. PHB was launched on Nov 15, 2007 and is managed by Invesco.