Short Interest in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Declines By 20.8%

by · The Cerbat Gem

Invesco CEF Income Composite ETF (NYSEARCA:PCEF – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 191,149 shares, a drop of 20.8% from the November 30th total of 241,243 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 123,691 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 123,691 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the shares of the company are short sold.

Invesco CEF Income Composite ETF Trading Down 0.4%

Shares of NYSEARCA:PCEF opened at $19.81 on Tuesday. The company has a market capitalization of $857.18 million, a PE ratio of 23.11 and a beta of 0.78. Invesco CEF Income Composite ETF has a 12-month low of $16.35 and a 12-month high of $20.25. The business has a 50 day moving average of $19.83 and a two-hundred day moving average of $19.80.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were issued a dividend of $0.1302 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PCEF. Level Four Advisory Services LLC grew its position in shares of Invesco CEF Income Composite ETF by 5.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 10,777 shares of the company’s stock valued at $211,000 after acquiring an additional 512 shares during the period. Comerica Bank raised its stake in shares of Invesco CEF Income Composite ETF by 2.5% during the 3rd quarter. Comerica Bank now owns 21,965 shares of the company’s stock worth $439,000 after buying an additional 538 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Invesco CEF Income Composite ETF by 0.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 103,038 shares of the company’s stock valued at $2,013,000 after buying an additional 560 shares in the last quarter. Argyle Capital Partners LLC increased its holdings in Invesco CEF Income Composite ETF by 2.8% in the 3rd quarter. Argyle Capital Partners LLC now owns 24,014 shares of the company’s stock worth $480,000 after acquiring an additional 650 shares in the last quarter. Finally, Buska Wealth Management LLC lifted its holdings in Invesco CEF Income Composite ETF by 3.4% during the second quarter. Buska Wealth Management LLC now owns 19,886 shares of the company’s stock valued at $389,000 after purchasing an additional 651 shares in the last quarter.

Invesco CEF Income Composite ETF Company Profile

(Get Free Report)

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).

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