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

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 32,530 shares, an increase of 118.4% from the September 30th total of 14,892 shares. Based on an average daily volume of 24,255 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Several institutional investors have recently modified their holdings of PFM. Next Level Wealth Planning LLC acquired a new position in Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $37,000. Summit Wealth Group LLC Co. purchased a new position in shares of Invesco Dividend Achievers ETF in the third quarter valued at $392,000. Modera Wealth Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter worth about $239,000. Choreo LLC purchased a new stake in shares of Invesco Dividend Achievers ETF in the third quarter valued at about $4,353,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Invesco Dividend Achievers ETF in the 3rd quarter valued at approximately $858,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM traded down $0.26 during mid-day trading on Friday, hitting $58.39. 7,307 shares of the company were exchanged, compared to its average volume of 23,510. The company has a 50 day moving average of $56.55 and a 200-day moving average of $54.79. Invesco Dividend Achievers ETF has a 1-year low of $49.98 and a 1-year high of $58.87. The stock has a market cap of $815.69 million, a price-to-earnings ratio of 23.20 and a beta of 0.77.

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.