Invesco Dividend Achievers ETF (NASDAQ:PFM) Stock Short Interest Drops 59.5%

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw 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 trading volume, of 22,576 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

A number of large investors have recently made changes to their positions in PFM. Focus Financial Network Inc. boosted its position 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 purchasing an additional 326 shares during the period. Royal Bank of Canada raised its position in shares of Invesco Dividend Achievers ETF by 4.4% during the 1st quarter. Royal Bank of Canada now owns 73,958 shares of the company’s stock valued at $3,778,000 after purchasing an additional 3,114 shares during the period. Everstar Asset Management LLC lifted its stake in shares of Invesco Dividend Achievers ETF by 11.8% during the 1st quarter. Everstar Asset Management LLC now owns 70,354 shares of the company’s stock valued at $3,597,000 after buying an additional 7,424 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in shares of Invesco Dividend Achievers ETF by 497.3% during the 1st quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock valued at $2,755,000 after buying an additional 44,888 shares in the last quarter. Finally, Waverly Advisors LLC lifted its stake in shares of Invesco Dividend Achievers ETF by 0.4% during the 1st quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after buying an additional 192 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Up 0.2%

Shares of NASDAQ PFM traded up $0.12 during trading on Wednesday, reaching $56.47. 9,619 shares of the company traded hands, compared to its average volume of 23,964. The firm has a 50 day simple moving average of $56.63 and a 200-day simple moving average of $55.27. The stock has a market capitalization of $792.27 million, a PE ratio of 23.20 and a beta of 0.77. Invesco Dividend Achievers ETF has a 52-week low of $49.98 and a 52-week high of $58.18.

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.