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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 28,837 shares, a growth of 137.4% from the July 30th total of 12,145 shares. Based on an average daily trading volume, of 18,666 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in Invesco Dividend Achievers ETF during the first quarter valued at $28,000. City Holding Co. purchased a new stake in shares of Invesco Dividend Achievers ETF during the 2nd quarter worth about $58,000. Assetmark Inc. raised its stake in shares of Invesco Dividend Achievers ETF by 900.9% during the 1st quarter. Assetmark Inc. now owns 1,111 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter valued at about $77,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at about $86,000.

Invesco Dividend Achievers ETF Trading Down 0.0%

NASDAQ PFM traded down $0.01 during trading on Friday, reaching $57.33. 17,210 shares of the company’s stock were exchanged, compared to its average volume of 24,716. Invesco Dividend Achievers ETF has a fifty-two week low of $49.14 and a fifty-two week high of $58.18. The company’s fifty day simple moving average is $56.50 and its 200-day simple moving average is $54.54. The firm has a market capitalization of $803.77 million, a PE ratio of 23.20 and a beta of 0.77.

Invesco Dividend Achievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1929 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.77 dividend on an annualized basis and a yield of 1.3%.

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.