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

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a large increase in short interest in 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. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 24,255 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Invesco Dividend Achievers ETF during the first quarter valued at approximately $28,000. Next Level Wealth Planning LLC bought a new position in shares of Invesco Dividend Achievers ETF in the third quarter worth $37,000. City Holding Co. bought a new position in Invesco Dividend Achievers ETF in the 2nd quarter valued at about $58,000. Assetmark Inc. boosted its holdings in shares of Invesco Dividend Achievers ETF by 900.9% in the first quarter. Assetmark Inc. now owns 1,111 shares of the company’s stock valued at $57,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Invesco Dividend Achievers ETF in the first quarter worth about $77,000.

Invesco Dividend Achievers ETF Trading Down 0.4%

Shares of PFM traded down $0.26 during midday trading on Friday, reaching $58.39. 7,307 shares of the company were exchanged, compared to its average volume of 23,510. The stock has a 50-day moving average price of $56.55 and a 200-day moving average price of $54.79. Invesco Dividend Achievers ETF has a 1-year low of $49.98 and a 1-year high of $58.87. The company 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.