Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Update

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 8,500 shares, a drop of 22.0% from the August 15th total of 10,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 184,900 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 184,900 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PEY. AlphaCore Capital LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth $4,001,000. JPL Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth $3,362,000. AdvisorNet Financial Inc increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 82.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 198,020 shares of the company’s stock worth $4,042,000 after acquiring an additional 89,756 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth $1,581,000. Finally, Good Steward Wealth Advisors LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 200.1% in the 2nd quarter. Good Steward Wealth Advisors LLC now owns 104,939 shares of the company’s stock worth $2,142,000 after acquiring an additional 69,974 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of PEY stock opened at $21.18 on Friday. The stock’s fifty day moving average is $21.11 and its two-hundred day moving average is $20.70. The firm has a market capitalization of $1.13 billion, a P/E ratio of 13.11 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $18.32 and a fifty-two week high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 18th were issued a $0.0809 dividend. The ex-dividend date was Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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.