Short Interest in Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Decreases By 81.4%

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 1,100 shares, a decrease of 81.4% from the December 15th total of 5,900 shares. Based on an average daily volume of 7,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

A hedge fund recently raised its stake in Invesco High Yield Bond Factor ETF stock. MRA Advisory Group boosted its stake in Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,301 shares of the company’s stock after purchasing an additional 17,073 shares during the period. Invesco High Yield Bond Factor ETF comprises approximately 6.3% of MRA Advisory Group’s investment portfolio, making the stock its 3rd biggest position. MRA Advisory Group owned approximately 21.69% of Invesco High Yield Bond Factor ETF worth $11,468,000 as of its most recent SEC filing.

Invesco High Yield Bond Factor ETF Stock Performance

Shares of IHYF stock traded down $0.05 during mid-day trading on Monday, reaching $22.45. 6,318 shares of the stock traded hands, compared to its average volume of 3,388. The stock’s fifty day simple moving average is $22.62 and its two-hundred day simple moving average is $22.54. Invesco High Yield Bond Factor ETF has a 1-year low of $21.82 and a 1-year high of $22.96.

Invesco High Yield Bond Factor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.1299 per share. The ex-dividend date was Monday, December 23rd.

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.