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

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

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Several hedge funds have recently bought and sold shares of PFM. Waverly Advisors LLC lifted its position in shares of Invesco Dividend Achievers ETF by 0.4% in the first quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after acquiring an additional 192 shares in the last quarter. Sovran Advisors LLC increased its position in Invesco Dividend Achievers ETF by 4.0% during the 1st quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock worth $309,000 after purchasing an additional 222 shares in the last quarter. Cetera Investment Advisers raised its stake in Invesco Dividend Achievers ETF by 0.4% in the 4th quarter. Cetera Investment Advisers now owns 93,536 shares of the company’s stock valued at $4,818,000 after purchasing an additional 378 shares during the last quarter. Creative Planning raised its stake in Invesco Dividend Achievers ETF by 4.4% in the 3rd quarter. Creative Planning now owns 9,820 shares of the company’s stock valued at $498,000 after purchasing an additional 416 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in Invesco Dividend Achievers ETF by 2.7% in the 4th quarter. Lido Advisors LLC now owns 17,239 shares of the company’s stock valued at $875,000 after purchasing an additional 456 shares in the last quarter.

Invesco Dividend Achievers ETF Trading Up 0.3%

Shares of PFM stock traded up $0.16 during trading hours on Monday, hitting $55.40. The company’s stock had a trading volume of 17,443 shares, compared to its average volume of 27,073. The business has a fifty day moving average of $54.59 and a 200-day moving average of $53.18. The stock has a market cap of $782.80 million, a price-to-earnings ratio of 23.20 and a beta of 0.78. Invesco Dividend Achievers ETF has a twelve month low of $47.89 and a twelve month high of $55.92.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently announced 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 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.