Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Down 45.0% in February

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 11,416 shares, a decline of 45.0% from the February 12th total of 20,773 shares. Based on an average trading volume of 30,344 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 30,344 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Dividend Achievers ETF Trading Down 0.2%

PFM opened at $52.31 on Thursday. Invesco Dividend Achievers ETF has a 1-year low of $40.01 and a 1-year high of $54.34. The stock’s fifty day simple moving average is $53.07 and its 200 day simple moving average is $51.67. The stock has a market cap of $755.36 million, a PE ratio of 23.20 and a beta of 0.82.

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

Institutional Trading of Invesco Dividend Achievers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flaharty Asset Management LLC acquired a new position in Invesco Dividend Achievers ETF in the 3rd quarter valued at about $25,379,000. CPC Advisors LLC acquired a new stake in Invesco Dividend Achievers ETF during the fourth quarter worth approximately $7,851,000. Kingswood Wealth Advisors LLC acquired a new stake in Invesco Dividend Achievers ETF during the third quarter worth approximately $2,302,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Invesco Dividend Achievers ETF by 36.7% during the second quarter. TD Waterhouse Canada Inc. now owns 95,087 shares of the company’s stock worth $4,611,000 after acquiring an additional 25,516 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of Invesco Dividend Achievers ETF by 55.9% in the fourth quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock valued at $2,925,000 after purchasing an additional 20,354 shares during the last quarter.

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.