Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Increases By 137.4%

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 28,837 shares, an increase 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. Approximately 0.2% of the shares of the stock are short sold.

Invesco Dividend Achievers ETF Stock Down 0.2%

NASDAQ:PFM traded down $0.10 during mid-day trading on Friday, reaching $57.24. 4,517 shares of the company were exchanged, compared to its average volume of 24,636. The stock has a market cap of $802.50 million, a PE ratio of 23.20 and a beta of 0.77. Invesco Dividend Achievers ETF has a 12 month low of $49.14 and a 12 month high of $58.18. The company has a fifty day moving average of $56.46 and a 200 day moving average of $54.52.

Invesco Dividend Achievers ETF Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PFM. HB Wealth Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the 2nd quarter valued at $235,000. City Holding Co. acquired a new position in shares of Invesco Dividend Achievers ETF during the second quarter valued at $58,000. Focus Financial Network Inc. lifted its stake in shares of Invesco Dividend Achievers ETF by 0.3% during the second quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock valued at $6,300,000 after acquiring an additional 326 shares during the period. Eastern Bank boosted its holdings in Invesco Dividend Achievers ETF by 128.4% in the second quarter. Eastern Bank now owns 12,569 shares of the company’s stock valued at $697,000 after acquiring an additional 7,067 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Invesco Dividend Achievers ETF in the first quarter worth about $77,000.

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.