Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Grows By 84.1%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 45,657 shares, a growth of 84.1% from the March 15th total of 24,796 shares. Based on an average daily trading volume, of 1,035,405 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of NASDAQ:PEY opened at $21.31 on Monday. The company’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $21.04. The stock has a market capitalization of $1.00 billion, a PE ratio of 13.11 and a beta of 0.67. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $18.84 and a one year high of $22.45.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.0711 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.6% in the 3rd quarter. Raymond James Financial Inc. now owns 668,913 shares of the company’s stock valued at $14,092,000 after purchasing an additional 17,002 shares during the period. Investors Research Corp raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 5.1% in the 4th quarter. Investors Research Corp now owns 359,092 shares of the company’s stock valued at $7,320,000 after purchasing an additional 17,584 shares during the period. UBS Group AG raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.9% in the 4th quarter. UBS Group AG now owns 296,426 shares of the company’s stock valued at $6,043,000 after purchasing an additional 8,219 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock valued at $5,469,000 after purchasing an additional 163,387 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 28.2% in the 4th quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock valued at $5,366,000 after purchasing an additional 57,841 shares during the period.

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