Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Short Interest Up 325.0% in April

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,700 shares, an increase of 325.0% from the March 31st total of 400 shares. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Avestar Capital LLC boosted its stake in Invesco High Yield Bond Factor ETF by 24.4% in the fourth quarter. Avestar Capital LLC now owns 21,729 shares of the company’s stock valued at $486,000 after acquiring an additional 4,261 shares during the last quarter. Simplicity Wealth LLC boosted its stake in Invesco High Yield Bond Factor ETF by 354.4% in the fourth quarter. Simplicity Wealth LLC now owns 60,847 shares of the company’s stock valued at $1,362,000 after acquiring an additional 47,456 shares during the last quarter. Hobart Private Capital LLC purchased a new position in Invesco High Yield Bond Factor ETF in the fourth quarter valued at about $260,000. PAX Financial Group LLC purchased a new position in Invesco High Yield Bond Factor ETF in the third quarter valued at about $299,000. Finally, Security Financial Services INC. purchased a new position in Invesco High Yield Bond Factor ETF in the third quarter valued at about $710,000.

Invesco High Yield Bond Factor ETF Stock Up 0.3 %

Invesco High Yield Bond Factor ETF stock traded up $0.06 during midday trading on Friday, hitting $21.95. 2,397 shares of the stock were exchanged, compared to its average volume of 21,593. Invesco High Yield Bond Factor ETF has a 52-week low of $20.78 and a 52-week high of $22.42. The business’s 50-day moving average price is $22.13 and its 200-day moving average price is $21.93.

Invesco High Yield Bond Factor ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 23rd were paid a $0.1409 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date was Monday, April 22nd.

Invesco High Yield Bond Factor ETF Company Profile

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.