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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 961 shares, a drop of 91.6% from the February 26th total of 11,416 shares. Based on an average daily trading volume, of 30,838 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 30,838 shares, the short-interest ratio is presently 0.0 days.

Invesco Dividend Achievers ETF Trading Up 0.0%

Shares of PFM traded up $0.02 on Tuesday, reaching $50.87. The company’s stock had a trading volume of 24,065 shares, compared to its average volume of 32,912. Invesco Dividend Achievers ETF has a twelve month low of $40.01 and a twelve month high of $54.34. The stock has a market capitalization of $734.56 million, a PE ratio of 23.20 and a beta of 0.82. The firm has a fifty day moving average of $52.90 and a 200-day moving average of $51.80.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be given a dividend of $0.1949 per share. The ex-dividend date of this dividend is Monday, March 23rd. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 1.5%.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new position in Invesco Dividend Achievers ETF during the 4th quarter worth $59,000. Allspring Global Investments Holdings LLC bought a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at about $83,000. International Assets Investment Management LLC purchased a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $86,000. AlphaCore Capital LLC purchased a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $99,000. Finally, Allworth Financial LP grew its position in Invesco Dividend Achievers ETF by 22.2% in the 3rd quarter. Allworth Financial LP now owns 3,184 shares of the company’s stock worth $162,000 after purchasing an additional 579 shares in the last quarter.

About Invesco Dividend Achievers ETF

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.