Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Up 544.3% in September

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 45,100 shares, an increase of 544.3% from the September 15th total of 7,000 shares. Based on an average daily volume of 47,400 shares, the days-to-cover ratio is presently 1.0 days.

Invesco Dividend Achievers ETF stock opened at $36.62 on Thursday. The stock has a 50-day moving average price of $37.19 and a 200 day moving average price of $36.55. Invesco Dividend Achievers ETF has a 52 week low of $29.31 and a 52 week high of $38.00.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Tuesday, September 21st were given a dividend of $0.172 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Monday, September 20th. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.16.

A number of institutional investors have recently bought and sold shares of PFM. Envestnet Asset Management Inc. increased its position in Invesco Dividend Achievers ETF by 24.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,785 shares of the company’s stock worth $338,000 after purchasing an additional 1,949 shares in the last quarter. UBS Group AG boosted its stake in Invesco Dividend Achievers ETF by 126.7% in the 1st quarter. UBS Group AG now owns 183,668 shares of the company’s stock worth $6,353,000 after buying an additional 102,638 shares during the last quarter. Bank of Montreal Can boosted its stake in Invesco Dividend Achievers ETF by 1.3% in the 1st quarter. Bank of Montreal Can now owns 54,238 shares of the company’s stock worth $1,907,000 after buying an additional 691 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in Invesco Dividend Achievers ETF in the 1st quarter worth about $4,186,000. Finally, MML Investors Services LLC acquired a new stake in Invesco Dividend Achievers ETF in the 1st quarter worth about $270,000.

Invesco Dividend Achievers ETF Company Profile

PowerShares Dividend Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Broad Dividend Achievers Index (the Index). The Index is designed to identify a diversified group of dividend paying companies. These companies have increased their annual dividend for 10 or more consecutive fiscal years.

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