Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Drops By 73.6%

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 7,400 shares, a decrease of 73.6% from the August 15th total of 28,000 shares. Based on an average daily trading volume, of 24,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Invesco Dividend Achievers ETF

Hedge funds have recently made changes to their positions in the company. Flaharty Asset Management LLC grew its stake in Invesco Dividend Achievers ETF by 1.0% during the 2nd quarter. Flaharty Asset Management LLC now owns 831,887 shares of the company’s stock valued at $35,497,000 after purchasing an additional 8,508 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Invesco Dividend Achievers ETF by 4.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 449,214 shares of the company’s stock valued at $19,168,000 after acquiring an additional 20,696 shares in the last quarter. Raymond James & Associates boosted its stake in Invesco Dividend Achievers ETF by 59.6% during the 2nd quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock valued at $15,801,000 after acquiring an additional 138,313 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in Invesco Dividend Achievers ETF by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 216,393 shares of the company’s stock worth $9,234,000 after acquiring an additional 6,530 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Invesco Dividend Achievers ETF by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 166,296 shares of the company’s stock worth $6,634,000 after purchasing an additional 838 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM stock traded up $0.23 during trading hours on Thursday, reaching $45.69. The company had a trading volume of 126,527 shares, compared to its average volume of 27,385. The company has a market capitalization of $693.57 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a twelve month low of $35.18 and a twelve month high of $45.93. The stock’s fifty day simple moving average is $44.32 and its 200 day simple moving average is $42.84.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.1922 dividend. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 24th. This represents a $0.77 annualized dividend and a yield of 1.68%.

About Invesco Dividend Achievers ETF

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.