Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Significant Decrease in Short Interest

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 14,188 shares, a drop of 18.7% from the March 31st total of 17,449 shares. Based on an average daily trading volume, of 24,119 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CPC Advisors LLC acquired a new position in Invesco Dividend Achievers ETF during the 4th quarter worth $7,851,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the third quarter worth $2,302,000. Cape ANN Savings Bank acquired a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter worth $783,000. Flaharty Asset Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the third quarter worth $25,379,000. Finally, Sovran Advisors LLC raised its position in Invesco Dividend Achievers ETF by 10.4% during the third quarter. Sovran Advisors LLC now owns 5,245 shares of the company’s stock valued at $267,000 after buying an additional 496 shares during the period.

Invesco Dividend Achievers ETF Trading Down 0.1%

Shares of NASDAQ PFM opened at $54.05 on Friday. Invesco Dividend Achievers ETF has a 52 week low of $45.00 and a 52 week high of $54.39. The stock has a market cap of $763.73 million, a price-to-earnings ratio of 23.20 and a beta of 0.80. The company’s 50-day moving average price is $52.47 and its 200 day moving average price is $52.12.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.1949 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.78 dividend on an annualized basis and a yield of 1.4%. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

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.