Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Down 62.5% in January

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 9,066 shares, a decline of 62.5% from the December 31st total of 24,167 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 37,720 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 37,720 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Several institutional investors have recently made changes to their positions in PFM. CWM LLC raised its holdings in Invesco Dividend Achievers ETF by 58.0% during the second quarter. CWM LLC now owns 689 shares of the company’s stock worth $33,000 after buying an additional 253 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at about $59,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter worth about $83,000. Allworth Financial LP raised its holdings in shares of Invesco Dividend Achievers ETF by 22.2% in the 3rd quarter. Allworth Financial LP now owns 3,184 shares of the company’s stock worth $162,000 after acquiring an additional 579 shares during the last quarter. Finally, Briaud Financial Planning Inc acquired a new stake in shares of Invesco Dividend Achievers ETF in the 2nd quarter worth about $187,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM stock traded up $0.15 on Thursday, hitting $52.76. The company had a trading volume of 20,819 shares, compared to its average volume of 37,390. The firm has a market cap of $761.85 million, a P/E ratio of 23.20 and a beta of 0.82. The stock’s 50-day moving average is $52.03 and its two-hundred day moving average is $50.72. Invesco Dividend Achievers ETF has a twelve month low of $40.01 and a twelve month high of $53.02.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.185 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. This is an increase 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.