Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short Interest Up 85.7% in February

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 33,360 shares, a growth of 85.7% from the January 29th total of 17,960 shares. Based on an average daily trading volume, of 190,280 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 190,280 shares, the days-to-cover ratio is presently 0.2 days.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.6%

Shares of NASDAQ PEY opened at $21.77 on Monday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $18.32 and a twelve month high of $22.45. The business has a 50 day simple moving average of $21.42 and a 200-day simple moving average of $21.04.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.0808 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PEY. Cardiff Park Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $26,000. Spire Wealth Management boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the fourth quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after acquiring an additional 1,505 shares during the period. Simplex Trading LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at approximately $38,000. Hurley Capital LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at approximately $41,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth approximately $75,000.

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.