Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Large Increase in Short Interest

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 28,100 shares, an increase of 60.6% from the November 30th total of 17,500 shares. Based on an average daily trading volume, of 27,300 shares, the days-to-cover ratio is presently 1.0 days.

Invesco Dividend Achievers ETF Stock Down 0.7 %

NASDAQ PFM traded down $0.33 during trading hours on Friday, reaching $46.42. 27,134 shares of the company were exchanged, compared to its average volume of 27,300. The stock has a market capitalization of $709.30 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1 year low of $39.40 and a 1 year high of $48.28. The business’s 50 day simple moving average is $47.01 and its 200-day simple moving average is $45.48.

Invesco Dividend Achievers ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.1813 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFM. Dorsey Wright & Associates bought a new stake in Invesco Dividend Achievers ETF during the 3rd quarter valued at $2,329,000. Stratos Wealth Partners LTD. grew its position in shares of Invesco Dividend Achievers ETF by 21.3% in the third quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock valued at $5,910,000 after purchasing an additional 22,261 shares in the last quarter. Raymond James & Associates raised its stake in shares of Invesco Dividend Achievers ETF by 3.9% during the 3rd quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock valued at $17,911,000 after purchasing an additional 14,462 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new stake in Invesco Dividend Achievers ETF during the 3rd quarter worth about $624,000. Finally, Hanlon Investment Management Inc. purchased a new stake in Invesco Dividend Achievers ETF during the 3rd quarter worth about $560,000.

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.