Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Large Decrease in Short Interest

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 961 shares, a decrease of 91.6% from the February 26th total of 11,416 shares. Based on an average daily trading volume, of 30,838 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Invesco Dividend Achievers ETF Stock Down 0.8%

Shares of PFM stock traded down $0.39 on Thursday, hitting $50.68. The stock had a trading volume of 26,771 shares, compared to its average volume of 32,620. Invesco Dividend Achievers ETF has a one year low of $40.01 and a one year high of $54.34. The business has a 50 day moving average price of $52.87 and a 200 day moving average price of $51.79. The company has a market cap of $731.82 million, a PE ratio of 23.20 and a beta of 0.82.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.1949 per share. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.78 dividend on an annualized basis and a yield of 1.5%.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Several hedge funds have recently modified their holdings of PFM. Sound Income Strategies LLC bought a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $59,000. Allspring Global Investments Holdings LLC bought a new position in Invesco Dividend Achievers ETF in the fourth quarter worth approximately $83,000. International Assets Investment Management LLC bought a new position in Invesco Dividend Achievers ETF in the fourth quarter worth approximately $86,000. AlphaCore Capital LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter worth $99,000. Finally, Allworth Financial LP lifted its holdings in Invesco Dividend Achievers ETF by 22.2% during the third quarter. Allworth Financial LP now owns 3,184 shares of the company’s stock worth $162,000 after buying an additional 579 shares during the period.

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. 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.