Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Update

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 2,769 shares, an increase of 100.4% from the June 15th total of 1,382 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 16,502 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Dividend Achievers ETF Stock Up 0.0%

Invesco Dividend Achievers ETF stock traded up $0.02 during trading hours on Wednesday, hitting $55.71. The stock had a trading volume of 9,844 shares, compared to its average volume of 26,052. Invesco Dividend Achievers ETF has a one year low of $47.89 and a one year high of $56.26. The business’s 50 day simple moving average is $55.10 and its 200-day simple moving average is $53.52. The stock has a market cap of $782.17 million, a price-to-earnings ratio of 23.20 and a beta of 0.78.

Invesco Dividend Achievers ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.1929 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Dividend Achievers ETF

Several hedge funds have recently modified their holdings of PFM. Waverly Advisors LLC raised its holdings in shares of Invesco Dividend Achievers ETF by 0.4% during the first quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock worth $2,388,000 after acquiring an additional 192 shares in the last quarter. Sovran Advisors LLC lifted its position in Invesco Dividend Achievers ETF by 4.0% during the 1st 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. lifted its position in shares of Invesco Dividend Achievers ETF by 0.3% during the 2nd 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 last quarter. Cetera Investment Advisers boosted its position in shares of Invesco Dividend Achievers ETF by 0.4% in the fourth quarter. Cetera Investment Advisers now owns 93,536 shares of the company’s stock valued at $4,818,000 after acquiring an additional 378 shares during the period. Finally, Creative Planning boosted its holdings in Invesco Dividend Achievers ETF by 4.4% in the 3rd quarter. Creative Planning now owns 9,820 shares of the company’s stock valued at $498,000 after purchasing an additional 416 shares during the period.

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.