Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Sees Large Increase in Short Interest

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 25,855 shares, an increase of 113.6% from the January 15th total of 12,102 shares. Based on an average daily volume of 10,953 shares, the days-to-cover ratio is presently 2.4 days. Currently, 4.7% of the shares of the stock are sold short. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily volume of 10,953 shares, the days-to-cover ratio is presently 2.4 days.

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF Stock Down 0.3%

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF stock opened at $17.23 on Friday. Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF has a 52-week low of $14.27 and a 52-week high of $19.17. The firm’s fifty day moving average is $17.50 and its 200 day moving average is $16.82.

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $2.0009 dividend. This represents a dividend yield of 1,234.0%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invested Advisors purchased a new stake in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF during the third quarter worth approximately $192,000. Jane Street Group LLC boosted its stake in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF by 89.9% during the 2nd quarter. Jane Street Group LLC now owns 39,699 shares of the company’s stock worth $619,000 after purchasing an additional 18,798 shares during the last quarter. WT Wealth Management purchased a new stake in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF during the fourth quarter worth $1,155,000. Finally, Trek Financial LLC acquired a new stake in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF in the fourth quarter valued at about $4,046,000.

About Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

The Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund consisting of commodity-linked futures and other financial instruments that provide exposure to the various metals used to produce electric vehicles. EVMT was launched on Apr 27, 2022 and is managed by Invesco.