Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Drops By 51.4%

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 24,167 shares, a decline of 51.4% from the December 15th total of 49,729 shares. Based on an average daily volume of 40,742 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 40,742 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Dividend Achievers ETF Stock Up 0.1%

NASDAQ:PFM traded up $0.07 during trading hours on Wednesday, reaching $52.75. 38,309 shares of the company’s stock were exchanged, compared to its average volume of 37,034. The company has a market capitalization of $771.73 million, a P/E ratio of 23.20 and a beta of 0.82. Invesco Dividend Achievers ETF has a 12 month low of $40.01 and a 12 month high of $52.90. The business’s 50-day simple moving average is $51.60 and its two-hundred day simple moving average is $50.43.

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 dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of 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 purchasing an additional 253 shares during the period. Allworth Financial LP lifted its position in 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 buying an additional 579 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in Invesco Dividend Achievers ETF in the 2nd quarter worth approximately $187,000. Sovran Advisors LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the 2nd quarter valued at $231,000. Finally, Caldwell Trust Co purchased a new position in shares of Invesco Dividend Achievers ETF during the 2nd quarter valued at $296,000.

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. 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.