Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Large Decline in Short Interest

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 481 shares, a decline of 90.4% from the April 30th total of 5,027 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 24,804 shares, the days-to-cover ratio is presently 0.0 days.

Invesco Dividend Achievers ETF Trading Up 0.4%

Shares of NASDAQ PFM traded up $0.23 during mid-day trading on Thursday, hitting $55.20. The company had a trading volume of 7,489 shares, compared to its average volume of 29,267. The company has a market capitalization of $779.98 million, a price-to-earnings ratio of 23.20 and a beta of 0.78. Invesco Dividend Achievers ETF has a 1 year low of $46.15 and a 1 year high of $55.22. The stock’s 50-day moving average price is $52.95 and its 200-day moving average price is $52.56.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.1949 per share. 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 yield of 1.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new stake in Invesco Dividend Achievers ETF during the first quarter valued at $28,000. Assetmark Inc. boosted its stake in Invesco Dividend Achievers ETF by 900.9% during the first quarter. Assetmark Inc. now owns 1,111 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares during the period. Sound Income Strategies LLC bought a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $59,000. Western Wealth Management LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the 1st quarter worth about $77,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter worth about $83,000.

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.