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


Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Rating) benefited from a significant increase in short-term interest rates during the month of March. As of March 31, there was short interest totaling 262,500 shares, an increase of 52.3% from the March 15 total of 172,400 shares. Based on an average daily trading volume of 372,600 shares, the days-to-cover ratio is currently 0.7 days.

A number of hedge funds and other institutional investors have recently changed their positions in the company. Qube Research & Technologies Ltd purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in Q4 for a value of approximately $42,000. West Bancorporation Inc. purchased a new equity position in the Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter for a value of approximately $58,000. IMA Wealth Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 63.9% in Q3. IMA Wealth Inc. now owns 4,000 shares of the company valued at $79,000 after purchasing an additional 1,560 shares during the period. City State Bank bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in Q4, valued at around $93,000. Finally, Tyler Stone Wealth Management bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in Q4, valued at around $101,000.

PEY traded down $0.01 during Friday’s trading, hitting $22.05. The company’s shares had a trading volume of 168,004 shares, compared to an average volume of 358,800. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.27 and a 1-year high of $22.24. The company’s 50-day simple moving average is $21.49 and its 200-day simple moving average is $21.03.

The company also recently declared a monthly dividend, which was paid on Monday, February 28. Shareholders of record on Wednesday, February 23 received a dividend of $0.072. The ex-dividend date was Tuesday, February 22. This represents a dividend of $0.86 on an annualized basis and a yield of 3.92%.

Invesco High Yield Equity Dividend Achievers ETF Company Profile (Get an evaluation)

The PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund aims to invest at least 90% of its total assets in dividend-paying common stocks, which make up the Index. The index is made up of 50 stocks selected primarily on the basis of dividend yield and consistent dividend growth.

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