Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Large Growth in Short Interest

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 16,300 shares, an increase of 1,064.3% from the March 31st total of 1,400 shares. Based on an average daily trading volume, of 22,600 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PFM. Flagship Harbor Advisors LLC raised its stake in Invesco Dividend Achievers ETF by 7.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 12,104 shares of the company’s stock worth $442,000 after acquiring an additional 869 shares during the period. Impact Partnership Wealth LLC bought a new position in Invesco Dividend Achievers ETF in the 3rd quarter worth $40,000. Private Trust Co. NA increased its stake in Invesco Dividend Achievers ETF by 41.3% in the 3rd quarter. Private Trust Co. NA now owns 10,610 shares of the company’s stock worth $388,000 after buying an additional 3,099 shares in the last quarter. Golden State Equity Partners raised its holdings in Invesco Dividend Achievers ETF by 42.4% during the third quarter. Golden State Equity Partners now owns 48,115 shares of the company’s stock valued at $1,758,000 after acquiring an additional 14,323 shares during the period. Finally, Eudaimonia Advisors LLC lifted its position in shares of Invesco Dividend Achievers ETF by 3.8% in the third quarter. Eudaimonia Advisors LLC now owns 39,166 shares of the company’s stock valued at $1,431,000 after acquiring an additional 1,429 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

Shares of NASDAQ:PFM traded down $0.09 during midday trading on Thursday, hitting $41.21. The company had a trading volume of 16,968 shares, compared to its average volume of 28,683. Invesco Dividend Achievers ETF has a 12-month low of $35.18 and a 12-month high of $42.69. The company has a fifty day moving average of $41.60 and a two-hundred day moving average of $39.72. The company has a market cap of $640.40 million, a price-to-earnings ratio of 21.91 and a beta of 0.83.

Invesco Dividend Achievers ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.1802 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Monday, March 18th.

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.