Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Decreases By 68.7%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEYGet Rating) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 82,200 shares, a drop of 68.7% from the March 31st total of 262,500 shares. Based on an average daily volume of 365,200 shares, the days-to-cover ratio is presently 0.2 days.

Shares of PEY stock opened at $21.38 on Thursday. The stock’s fifty day moving average price is $21.59 and its two-hundred day moving average price is $21.12. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $19.27 and a fifty-two week high of $22.67.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Tuesday, April 19th will be issued a dividend of $0.071 per share. This represents a $0.85 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Monday, April 18th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEY. Cyrus J. Lawrence LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth about $48,000. ProVise Management Group LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth about $1,953,000. Columbus Macro LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth about $771,000. First PREMIER Bank lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 33.4% during the 1st quarter. First PREMIER Bank now owns 55,791 shares of the company’s stock worth $1,218,000 after buying an additional 13,964 shares during the period. Finally, Truist Financial Corp lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 171.6% during the 1st quarter. Truist Financial Corp now owns 66,156 shares of the company’s stock worth $1,444,000 after buying an additional 41,794 shares during the period.

About Invesco High Yield Equity Dividend Achievers ETF (Get Rating)

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.

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