Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Up 540.9% in November

by · The Cerbat Gem

Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Free Report) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 14,100 shares, a growth of 540.9% from the October 31st total of 2,200 shares. Based on an average daily volume of 30,200 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Invesco Dividend Achievers ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. MML Investors Services LLC boosted its stake in Invesco Dividend Achievers ETF by 1.8% during the third quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock worth $2,734,000 after buying an additional 1,054 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at about $2,329,000. Stifel Financial Corp increased its stake in Invesco Dividend Achievers ETF by 86.4% in the third quarter. Stifel Financial Corp now owns 20,255 shares of the company’s stock valued at $943,000 after acquiring an additional 9,387 shares during the period. CreativeOne Wealth LLC raised its position in Invesco Dividend Achievers ETF by 2.3% in the third quarter. CreativeOne Wealth LLC now owns 59,447 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in Invesco Dividend Achievers ETF by 0.6% during the third quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after purchasing an additional 753 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM traded down $0.04 during trading hours on Wednesday, reaching $48.01. 29,905 shares of the company traded hands, compared to its average volume of 26,780. The stock’s fifty day moving average is $46.69 and its 200 day moving average is $44.75. Invesco Dividend Achievers ETF has a 1-year low of $38.19 and a 1-year high of $48.23. The stock has a market cap of $733.59 million, a P/E ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given 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 dividend yield of 1.44%.

About Invesco Dividend Achievers ETF

(Get Free Report)

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.

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