Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Significant Growth in Short Interest

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 162,663 shares, a growth of 49.0% from the August 31st total of 109,203 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 344,773 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several hedge funds have recently made changes to their positions in the business. Sovereign Financial Group Inc. lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 2.7% in the first quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock valued at $433,000 after buying an additional 526 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock valued at $725,000 after acquiring an additional 584 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.5% during the first quarter. PNC Financial Services Group Inc. now owns 13,010 shares of the company’s stock valued at $279,000 after acquiring an additional 798 shares during the last quarter. BKM Wealth Management LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.1% during the first quarter. BKM Wealth Management LLC now owns 31,755 shares of the company’s stock valued at $680,000 after acquiring an additional 940 shares during the last quarter. Finally, Cardiff Park Advisors LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at approximately $27,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of NASDAQ PEY traded up $0.03 during midday trading on Thursday, reaching $22.84. The stock had a trading volume of 418,083 shares, compared to its average volume of 325,148. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The stock has a 50-day moving average of $24.40 and a 200-day moving average of $23.10. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.58 and a 12-month high of $25.49.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

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

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.