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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 17,500 shares, an increase of 24.1% from the November 15th total of 14,100 shares. Based on an average daily trading volume, of 32,500 shares, the short-interest ratio is currently 0.5 days.

Invesco Dividend Achievers ETF Price Performance

PFM opened at $47.40 on Monday. Invesco Dividend Achievers ETF has a 12 month low of $39.21 and a 12 month high of $48.28. The business has a 50-day moving average of $47.06 and a two-hundred day moving average of $45.20. The stock has a market capitalization of $724.27 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.173 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.69 dividend on an annualized basis and a yield of 1.46%.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Several institutional investors and hedge funds have recently bought and sold shares of PFM. Raymond James & Associates increased its stake in Invesco Dividend Achievers ETF by 59.6% during the second quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock worth $15,801,000 after acquiring an additional 138,313 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Invesco Dividend Achievers ETF by 4.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 449,214 shares of the company’s stock worth $19,168,000 after purchasing an additional 20,696 shares in the last quarter. Focus Financial Network Inc. raised its holdings in Invesco Dividend Achievers ETF by 3.7% in the second quarter. Focus Financial Network Inc. now owns 117,679 shares of the company’s stock valued at $5,242,000 after buying an additional 4,228 shares during the period. Capital Advisory Group Advisory Services LLC lifted its position in Invesco Dividend Achievers ETF by 2.5% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 49,338 shares of the company’s stock valued at $2,105,000 after buying an additional 1,195 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in Invesco Dividend Achievers ETF by 3.1% during the second quarter. Atria Wealth Solutions Inc. now owns 216,393 shares of the company’s stock worth $9,234,000 after buying an additional 6,530 shares during the period.

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.