Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Up 100.4% in June

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,769 shares, a growth of 100.4% from the June 15th total of 1,382 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 16,502 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CPC Advisors LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter worth $7,851,000. Cape ANN Savings Bank purchased a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at about $783,000. HighTower Advisors LLC lifted its stake in shares of Invesco Dividend Achievers ETF by 55.9% in the fourth quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock valued at $2,925,000 after purchasing an additional 20,354 shares during the period. City Holding Co. acquired a new stake in shares of Invesco Dividend Achievers ETF in the second quarter valued at about $58,000. Finally, Focus Financial Network Inc. lifted its stake in shares of Invesco Dividend Achievers ETF by 0.3% in the second quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock valued at $6,300,000 after purchasing an additional 326 shares during the period.

Invesco Dividend Achievers ETF Trading Down 0.5%

Shares of PFM traded down $0.27 during mid-day trading on Friday, hitting $55.94. The company’s stock had a trading volume of 12,266 shares, compared to its average volume of 25,892. The firm has a 50-day simple moving average of $55.17 and a 200 day simple moving average of $53.57. The firm has a market capitalization of $784.84 million, a P/E ratio of 23.20 and a beta of 0.78. Invesco Dividend Achievers ETF has a 1-year low of $47.89 and a 1-year high of $56.45.

Invesco Dividend Achievers ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.1929 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.77 annualized dividend and a yield of 1.4%.

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. 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.