Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Short yield up 95.4% in April


Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Rating) benefited from a sharp increase in short-term interest rates in April. As of April 30, there was short interest totaling 160,600 shares, an increase of 95.4% from the total of 82,200 shares as of April 15. Based on an average daily volume of 369,600 shares, the short interest ratio is currently 0.4 days.

Several hedge funds and other institutional investors have recently changed their stock holdings. Renaissance Technologies LLC acquired a new equity position in the Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth $330,000. Worth Asset Management LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth $460,000. Equitable Holdings Inc. increased its position in the Invesco High Yield Equity Dividend Achievers ETF by 1.4% in the first quarter. Equitable Holdings Inc. now owns 72,940 shares of the company valued at $1,592,000 after acquiring an additional 1,006 shares during the period. Oxford Financial Group Ltd. acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the first quarter, valued at $1,088,000. Finally, NewEdge Advisors LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 28.2% in the first quarter. NewEdge Advisors LLC now owns 71,259 shares of the company valued at $1,556,000 after acquiring an additional 15,661 shares during the period.

NASDAQ: PEY traded down $0.21 during Friday trading hours, hitting $21.37. 523,655 shares of the company were traded, against an average volume of 361,767. The company has a 50-day moving average of $21.63 and a 200-day moving average of $21.19. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.27 and a 1-year high of $22.67.

The company also recently announced a monthly dividend, which was paid on Friday, April 29. Investors of record on Tuesday, April 19 received a dividend of $0.071. The ex-dividend date was Monday, April 18. This represents a dividend of $0.85 on an annualized basis and a dividend yield of 3.99%.

Invesco High Yield Equity Dividend Achievers ETF Company Profile (Get a rating)

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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