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 drop in short interest in December. As of December 31st, there was short interest totalling 75,500 shares, a drop of 33.7% from the December 15th total of 113,900 shares. Based on an average daily volume of 202,200 shares, the days-to-cover ratio is presently 0.4 days.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.9 %

PEY stock opened at $21.02 on Tuesday. 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 has a 52 week low of $19.22 and a 52 week high of $23.22. The company has a market cap of $1.18 billion, a P/E ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid 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 was Monday, December 23rd.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors have recently bought and sold shares of PEY. Fortitude Family Office LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth about $31,000. ST Germain D J Co. Inc. acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $32,000. Farther Finance Advisors LLC grew its position in shares of 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 purchasing an additional 3,977 shares during the period. Financial Insights Inc. increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 3.7% in the third quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock valued at $309,000 after purchasing an additional 500 shares during the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth about $376,000.

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.