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

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

Institutional Trading of Invesco Dividend Achievers ETF

A number of large investors have recently modified their holdings of PFM. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco Dividend Achievers ETF during the 2nd quarter worth $34,000. American Capital Advisory LLC bought a new stake in Invesco Dividend Achievers ETF during the third quarter worth about $63,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the 2nd quarter worth about $61,000. Paladin Wealth LLC bought a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at about $70,000. Finally, Simmons Bank purchased a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at about $200,000.

Invesco Dividend Achievers ETF Stock Down 0.7 %

Shares of PFM stock traded down $0.33 on Friday, reaching $46.42. The company’s stock had a trading volume of 27,134 shares, compared to its average volume of 27,300. The company 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 12-month low of $39.40 and a 12-month high of $48.28. The stock’s 50 day simple moving average is $47.01 and its 200-day simple moving average is $45.48.

Invesco Dividend Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be issued a $0.1813 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

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.