Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Short Interest Up 12,533.3% in February

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 37,900 shares, a growth of 12,533.3% from the February 13th total of 300 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Invesco High Yield Bond Factor ETF in the 3rd quarter valued at approximately $1,069,000. MRA Advisory Group lifted its position in Invesco High Yield Bond Factor ETF by 5.2% in the 4th quarter. MRA Advisory Group now owns 531,435 shares of the company’s stock worth $11,963,000 after buying an additional 26,134 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in Invesco High Yield Bond Factor ETF in the 4th quarter worth approximately $1,740,000.

Invesco High Yield Bond Factor ETF Stock Down 0.1 %

Invesco High Yield Bond Factor ETF stock opened at $22.51 on Thursday. The firm’s fifty day moving average price is $22.60 and its 200 day moving average price is $22.62. Invesco High Yield Bond Factor ETF has a 12-month low of $21.82 and a 12-month high of $22.96.

Invesco High Yield Bond Factor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a dividend of $0.1361 per share. The ex-dividend date of this dividend was Monday, February 24th.

About Invesco High Yield Bond Factor ETF

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.