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

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 19,500 shares, an increase of 400.0% from the December 15th total of 3,900 shares. Based on an average trading volume of 71,500 shares, the short-interest ratio is currently 0.3 days.

Several large investors have recently added to or reduced their stakes in PFM. Nachman Norwood & Parrott Inc purchased a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at approximately $26,000. Flagship Harbor Advisors LLC raised its position in shares of Invesco Dividend Achievers ETF by 71.7% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,981 shares of the company’s stock valued at $59,000 after purchasing an additional 827 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Invesco Dividend Achievers ETF by 70.2% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 2,468 shares of the company’s stock valued at $75,000 after purchasing an additional 1,018 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the 2nd quarter valued at approximately $110,000. Finally, NEXT Financial Group Inc purchased a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at approximately $114,000.

NASDAQ:PFM opened at $33.18 on Thursday. Invesco Dividend Achievers ETF has a fifty-two week low of $20.86 and a fifty-two week high of $33.29. The company’s 50-day simple moving average is $32.75 and its 200-day simple moving average is $31.94.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd were issued a $0.165 dividend. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Monday, December 21st.

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.

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