Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Sees Large Drop in Short Interest

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a drop of 96.4% from the January 31st total of 8,400 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is presently 0.0 days.

Invesco High Yield Bond Factor ETF Price Performance

NASDAQ IHYF traded up $0.15 on Friday, hitting $22.76. The stock had a trading volume of 67,686 shares, compared to its average volume of 13,651. The company’s 50-day moving average is $22.58 and its two-hundred day moving average is $22.61. Invesco High Yield Bond Factor ETF has a one year low of $21.82 and a one year high of $22.96.

Invesco High Yield Bond Factor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a $0.1361 dividend. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Trading of Invesco High Yield Bond Factor ETF

Hedge funds have recently added to or reduced their stakes in the business. Independent Advisor Alliance acquired a new stake in Invesco High Yield Bond Factor ETF in the fourth quarter worth approximately $1,740,000. MRA Advisory Group lifted its stake in Invesco High Yield Bond Factor ETF by 5.2% during the fourth quarter. MRA Advisory Group now owns 531,435 shares of the company’s stock valued at $11,963,000 after purchasing an additional 26,134 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Invesco High Yield Bond Factor ETF during the third quarter worth approximately $1,069,000.

Invesco High Yield Bond Factor ETF Company Profile

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.