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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 49,729 shares, a growth of 58.8% from the November 30th total of 31,316 shares. Based on an average trading volume of 41,161 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 41,161 shares, the short-interest ratio is presently 1.2 days.

Invesco Dividend Achievers ETF Trading Down 0.3%

Shares of NASDAQ PFM traded down $0.15 during mid-day trading on Monday, reaching $51.91. The company had a trading volume of 34,600 shares, compared to its average volume of 28,614. The stock has a market cap of $746.47 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. Invesco Dividend Achievers ETF has a 52 week low of $40.01 and a 52 week high of $52.39. The business’s 50-day moving average is $51.32 and its 200-day moving average is $50.04.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.185 dividend. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 1.4%.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Several hedge funds have recently modified their holdings of PFM. CWM LLC increased its holdings in Invesco Dividend Achievers ETF by 58.0% during the second quarter. CWM LLC now owns 689 shares of the company’s stock valued at $33,000 after buying an additional 253 shares during the period. Bank of Montreal Can raised its stake in Invesco Dividend Achievers ETF by 1.6% in the 2nd quarter. Bank of Montreal Can now owns 21,300 shares of the company’s stock worth $1,026,000 after acquiring an additional 345 shares during the last quarter. Creative Planning lifted its position in Invesco Dividend Achievers ETF by 4.4% during the third 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 period. Focus Financial Network Inc. lifted its holdings in Invesco Dividend Achievers ETF by 0.4% in the second quarter. Focus Financial Network Inc. now owns 113,378 shares of the company’s stock valued at $5,461,000 after acquiring an additional 459 shares during the period. Finally, Sovran Advisors LLC increased its holdings in shares of Invesco Dividend Achievers ETF by 10.4% during the 3rd quarter. Sovran Advisors LLC now owns 5,245 shares of the company’s stock valued at $267,000 after purchasing an additional 496 shares in 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.