Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Rises By 58.8%

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 49,729 shares, an increase of 58.8% from the November 30th total of 31,316 shares. Based on an average daily volume of 41,161 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 41,161 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its holdings in Invesco Dividend Achievers ETF by 0.4% in the second quarter. Raymond James Financial Inc. now owns 846,279 shares of the company’s stock worth $40,765,000 after purchasing an additional 3,596 shares in the last quarter. Flaharty Asset Management LLC bought a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $25,379,000. Bank of America Corp DE raised its stake in shares of Invesco Dividend Achievers ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 275,362 shares of the company’s stock worth $13,972,000 after acquiring an additional 1,809 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Invesco Dividend Achievers ETF by 6.0% during the third quarter. Jones Financial Companies Lllp now owns 148,265 shares of the company’s stock valued at $7,482,000 after acquiring an additional 8,410 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its stake in Invesco Dividend Achievers ETF by 0.4% in the second quarter. Focus Financial Network Inc. now owns 113,378 shares of the company’s stock valued at $5,461,000 after acquiring an additional 459 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

NASDAQ:PFM remained flat at $52.06 during trading hours on Friday. 21,012 shares of the company were exchanged, compared to its average volume of 28,590. The firm has a 50 day simple moving average of $51.30 and a 200 day simple moving average of $49.99. The stock has a market cap of $748.62 million, a P/E ratio of 23.20 and a beta of 0.82. Invesco Dividend Achievers ETF has a 52 week low of $40.01 and a 52 week high of $52.39.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17.

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.