Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Rises By 148.2%

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 22,501 shares, a growth of 148.2% from the January 15th total of 9,066 shares. Based on an average trading volume of 34,407 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 34,407 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 30.0% in the fourth quarter. Kestra Advisory Services LLC now owns 8,794 shares of the company’s stock worth $453,000 after acquiring an additional 2,031 shares during the period. CreativeOne Wealth LLC lifted its holdings in Invesco Dividend Achievers ETF by 2.0% during the 4th quarter. CreativeOne Wealth LLC now owns 74,485 shares of the company’s stock worth $3,836,000 after purchasing an additional 1,460 shares in the last quarter. UMB Bank n.a. bought a new position in Invesco Dividend Achievers ETF in the 4th quarter worth about $824,000. Bank of Montreal Can boosted its stake in Invesco Dividend Achievers ETF by 3.2% in the 4th quarter. Bank of Montreal Can now owns 22,659 shares of the company’s stock worth $1,167,000 after purchasing an additional 707 shares during the period. Finally, Lido Advisors LLC grew its holdings in Invesco Dividend Achievers ETF by 2.7% during the 4th quarter. Lido Advisors LLC now owns 17,239 shares of the company’s stock valued at $875,000 after buying an additional 456 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Up 0.2%

Shares of NASDAQ:PFM opened at $53.78 on Friday. The firm has a market capitalization of $776.58 million, a PE ratio of 23.20 and a beta of 0.82. The company has a 50-day moving average price of $52.49 and a two-hundred day moving average price of $51.10. Invesco Dividend Achievers ETF has a twelve month low of $40.01 and a twelve month high of $54.34.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.185 dividend. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.74 annualized dividend and a yield of 1.4%.

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.