Invesco Dividend Achievers ETF (NASDAQ:PFM) Stock Short Interest Report for September

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 14,892 shares, a drop of 59.5% from the September 15th total of 36,815 shares. Based on an average daily volume of 22,576 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Invesco Dividend Achievers ETF Stock Performance

NASDAQ PFM traded down $0.08 during trading hours on Tuesday, hitting $56.35. 6,639 shares of the company’s stock were exchanged, compared to its average volume of 24,037. The business’s 50 day moving average is $56.65 and its 200-day moving average is $55.24. Invesco Dividend Achievers ETF has a 12-month low of $49.98 and a 12-month high of $58.18. The firm has a market capitalization of $790.59 million, a P/E ratio of 23.20 and a beta of 0.77.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Independent Financial Group LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter worth $1,160,000. Eastern Bank purchased a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter worth $872,000. SteelPeak Wealth LLC boosted its holdings in Invesco Dividend Achievers ETF by 497.3% in the first quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock valued at $2,755,000 after acquiring an additional 44,888 shares during the last quarter. Western Wealth Management LLC acquired a new position in Invesco Dividend Achievers ETF in the first quarter valued at $77,000. Finally, Royal Bank of Canada boosted its holdings in Invesco Dividend Achievers ETF by 4.4% in the first quarter. Royal Bank of Canada now owns 73,958 shares of the company’s stock valued at $3,778,000 after acquiring an additional 3,114 shares during the last quarter.

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.