Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Grows By 207.8%

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,382 shares, a growth of 207.8% from the May 31st total of 449 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 15,595 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CPC Advisors LLC bought a new stake in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at $7,851,000. Cape ANN Savings Bank bought a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter worth $783,000. HighTower Advisors LLC grew its stake in shares of Invesco Dividend Achievers ETF by 55.9% during the 4th quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock worth $2,925,000 after acquiring an additional 20,354 shares during the period. Everstar Asset Management LLC grew its stake in shares of Invesco Dividend Achievers ETF by 10.5% during the 4th quarter. Everstar Asset Management LLC now owns 62,930 shares of the company’s stock worth $3,241,000 after acquiring an additional 5,997 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its holdings in Invesco Dividend Achievers ETF by 1.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 46,234 shares of the company’s stock worth $2,381,000 after acquiring an additional 868 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Performance

NASDAQ:PFM traded up $0.20 during trading on Friday, reaching $55.24. The company’s stock had a trading volume of 22,664 shares, compared to its average volume of 27,153. Invesco Dividend Achievers ETF has a 12 month low of $47.69 and a 12 month high of $55.92. The firm has a market cap of $780.54 million, a price-to-earnings ratio of 23.20 and a beta of 0.78. The firm has a 50 day moving average of $54.59 and a 200-day moving average of $53.17.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.1929 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 22nd.

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. 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.