Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Increases By 23.8%

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 15,600 shares, an increase of 23.8% from the July 15th total of 12,600 shares. Based on an average daily trading volume, of 24,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Invesco Dividend Achievers ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in Invesco Dividend Achievers ETF during the second quarter worth about $34,000. Tidemark LLC acquired a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $47,000. Ashton Thomas Private Wealth LLC bought a new stake in Invesco Dividend Achievers ETF during the second quarter worth approximately $61,000. Key Financial Inc boosted its holdings in Invesco Dividend Achievers ETF by 77.6% during the fourth quarter. Key Financial Inc now owns 2,849 shares of the company’s stock worth $114,000 after buying an additional 1,245 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in Invesco Dividend Achievers ETF by 19.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,058 shares of the company’s stock worth $122,000 after buying an additional 500 shares during the last quarter.

Invesco Dividend Achievers ETF Trading Up 1.2 %

PFM traded up $0.55 on Thursday, reaching $44.69. The company had a trading volume of 12,801 shares, compared to its average volume of 25,977. The company has a market capitalization of $678.39 million, a P/E ratio of 22.62 and a beta of 0.83. The company has a fifty day moving average of $43.39 and a 200-day moving average of $42.24. Invesco Dividend Achievers ETF has a one year low of $35.18 and a one year high of $44.75.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.1922 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.72%. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 24th.

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.