Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Declines By 33.7%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 75,500 shares, a decrease of 33.7% from the December 15th total of 113,900 shares. Based on an average daily trading volume, of 202,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Large investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at approximately $31,000. ST Germain D J Co. Inc. bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth $32,000. Farther Finance Advisors LLC raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 889.7% in the third quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock valued at $97,000 after acquiring an additional 3,977 shares in the last quarter. Financial Insights Inc. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 3.7% during the 3rd quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock worth $309,000 after acquiring an additional 500 shares in the last quarter. Finally, Capital Investment Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth about $376,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

NASDAQ PEY opened at $21.02 on Tuesday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.22 and a one year high of $23.22. The company’s 50 day moving average price is $21.91 and its 200 day moving average price is $21.46.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.083 dividend. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco High Yield Equity Dividend Achievers ETF

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.