Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Significant Growth in Short Interest

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 14,100 shares, an increase of 540.9% from the October 31st total of 2,200 shares. Based on an average daily volume of 30,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Invesco Dividend Achievers ETF

Several large investors have recently made changes to their positions in PFM. Creative Planning lifted its position in Invesco Dividend Achievers ETF by 2.8% during the 2nd quarter. Creative Planning now owns 9,313 shares of the company’s stock worth $397,000 after buying an additional 256 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of Invesco Dividend Achievers ETF by 0.4% during the first quarter. Citizens Financial Group Inc. RI now owns 117,672 shares of the company’s stock valued at $5,009,000 after purchasing an additional 415 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF in the second quarter valued at approximately $34,000. Bank of Montreal Can raised its position in Invesco Dividend Achievers ETF by 5.2% in the 2nd quarter. Bank of Montreal Can now owns 17,637 shares of the company’s stock worth $756,000 after purchasing an additional 869 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Invesco Dividend Achievers ETF by 3.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 32,902 shares of the company’s stock worth $1,404,000 after buying an additional 946 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ PFM traded down $0.04 during mid-day trading on Wednesday, hitting $48.01. 29,905 shares of the stock were exchanged, compared to its average volume of 26,780. Invesco Dividend Achievers ETF has a twelve month low of $38.19 and a twelve month high of $48.23. The stock’s fifty day simple moving average is $46.69 and its two-hundred day simple moving average is $44.75. The company has a market cap of $733.59 million, a P/E ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.173 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, September 23rd.

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.