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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large increase in short interest in the month of 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 18,666 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Invesco Dividend Achievers ETF

Several hedge funds have recently added to or reduced their stakes in PFM. Waverly Advisors LLC increased its position in Invesco Dividend Achievers ETF by 0.4% in the 1st quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock worth $2,388,000 after buying an additional 192 shares during the period. Sovran Advisors LLC grew its stake in shares of Invesco Dividend Achievers ETF by 4.0% in the first quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock worth $309,000 after acquiring an additional 222 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of Invesco Dividend Achievers ETF by 0.3% in the second quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock worth $6,300,000 after acquiring an additional 326 shares during the last quarter. Cetera Investment Advisers increased its position in Invesco Dividend Achievers ETF by 0.4% during the fourth quarter. Cetera Investment Advisers now owns 93,536 shares of the company’s stock worth $4,818,000 after acquiring an additional 378 shares during the period. Finally, Creative Planning increased 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 worth $498,000 after acquiring an additional 416 shares during the period.

Invesco Dividend Achievers ETF Price Performance

NASDAQ:PFM traded down $0.01 during midday trading on Friday, reaching $57.33. The stock had a trading volume of 17,210 shares, compared to its average volume of 24,716. The stock has a market capitalization of $803.77 million, a P/E ratio of 23.20 and a beta of 0.77. Invesco Dividend Achievers ETF has a 1-year low of $49.14 and a 1-year high of $58.18. The firm’s fifty day simple moving average is $56.50 and its 200-day simple moving average is $54.54.

Invesco Dividend Achievers ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.1929 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.77 dividend on an annualized basis and a dividend 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.