Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Up 540.9% in November

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 14,100 shares, a growth of 540.9% from the October 31st total of 2,200 shares. Based on an average trading volume of 30,200 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PFM. MML Investors Services LLC increased its stake in Invesco Dividend Achievers ETF by 1.8% during the third quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock worth $2,734,000 after acquiring an additional 1,054 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter worth approximately $2,329,000. Stifel Financial Corp increased its position in shares of Invesco Dividend Achievers ETF by 86.4% during the 3rd quarter. Stifel Financial Corp now owns 20,255 shares of the company’s stock valued at $943,000 after purchasing an additional 9,387 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in Invesco Dividend Achievers ETF by 2.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 59,447 shares of the company’s stock valued at $2,767,000 after buying an additional 1,361 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in Invesco Dividend Achievers ETF by 0.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after buying an additional 753 shares during the period.

Invesco Dividend Achievers ETF Stock Up 0.4 %

Invesco Dividend Achievers ETF stock traded up $0.19 during mid-day trading on Friday, reaching $48.20. 88,263 shares of the company’s stock traded hands, compared to its average volume of 27,046. Invesco Dividend Achievers ETF has a 12-month low of $38.26 and a 12-month high of $48.28. The stock has a 50 day moving average of $46.80 and a two-hundred day moving average of $44.84. The company has a market cap of $736.46 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.173 per share. This represents a $0.69 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Monday, September 23rd.

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.