Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Grows By 207.8%

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,382 shares, a growth of 207.8% from the May 31st total of 449 shares. Based on an average daily volume of 15,595 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Invesco Dividend Achievers ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. CPC Advisors LLC bought a new stake in Invesco Dividend Achievers ETF in the 4th quarter worth about $7,851,000. SteelPeak Wealth LLC increased its stake in Invesco Dividend Achievers ETF by 497.3% in the 1st quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock valued at $2,755,000 after buying an additional 44,888 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of Invesco Dividend Achievers ETF during the 1st quarter worth approximately $1,160,000. HighTower Advisors LLC lifted its position in shares of Invesco Dividend Achievers ETF by 55.9% during the 4th quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock worth $2,925,000 after buying an additional 20,354 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $852,000.

Invesco Dividend Achievers ETF Trading Up 0.4%

Invesco Dividend Achievers ETF stock traded up $0.20 during trading on Friday, hitting $55.24. 22,664 shares of the company were exchanged, compared to its average volume of 27,153. The business’s 50 day moving average is $54.59 and its 200 day moving average is $53.17. Invesco Dividend Achievers ETF has a 52 week low of $47.69 and a 52 week high of $55.92. The company has a market capitalization of $780.54 million, a P/E ratio of 23.20 and a beta of 0.78.

Invesco Dividend Achievers ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.1929 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 22nd.

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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.