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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a large growth in short interest in 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 presently 0.5 days.

Invesco Dividend Achievers ETF Stock Up 0.4 %

Shares of NASDAQ PFM traded up $0.19 during midday trading on Friday, reaching $48.20. 88,263 shares of the company’s stock traded hands, compared to its average volume of 27,046. The company has a market cap of $736.50 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The stock’s 50 day simple moving average is $46.76 and its 200-day simple moving average is $44.80. Invesco Dividend Achievers ETF has a one year low of $38.26 and a one year high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.173 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.69 annualized dividend and a yield of 1.44%.

Institutional Inflows and Outflows

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

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.