Short Interest in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Rises By 267.7%

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 11,400 shares, a growth of 267.7% from the June 15th total of 3,100 shares. Based on an average daily volume of 211,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEY. Private Advisor Group LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.8% in the fourth quarter. Private Advisor Group LLC now owns 66,096 shares of the company’s stock worth $1,397,000 after acquiring an additional 551 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,127 shares of the company’s stock worth $66,000 after acquiring an additional 625 shares during the period. Axxcess Wealth Management LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 53,099 shares of the company’s stock worth $1,123,000 after acquiring an additional 768 shares during the period. Mather Group LLC. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.7% in the second quarter. Mather Group LLC. now owns 12,501 shares of the company’s stock worth $258,000 after acquiring an additional 1,005 shares during the period. Finally, Pasadena Private Wealth LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 4.7% in the fourth quarter. Pasadena Private Wealth LLC now owns 23,341 shares of the company’s stock worth $493,000 after acquiring an additional 1,047 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

NASDAQ PEY traded up $0.47 on Thursday, reaching $20.24. 262,799 shares of the company’s stock traded hands, compared to its average volume of 294,221. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. The stock has a 50 day moving average price of $19.91 and a 200-day moving average price of $20.09. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $17.94 and a fifty-two week high of $21.50.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.0715 per share. The ex-dividend date was Monday, June 24th. This represents a $0.86 dividend on an annualized basis and a yield of 4.24%.

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.