Short Interest in Invesco Dividend Achievers ETF (NASDAQ:PFM) Decreases By 76.3%

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,200 shares, a decline of 76.3% from the October 15th total of 9,300 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Invesco Dividend Achievers ETF

Hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI grew its holdings in shares of Invesco Dividend Achievers ETF by 0.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after acquiring an additional 753 shares in the last quarter. Retireful LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the third quarter worth $461,000. Simmons Bank bought a new stake in shares of Invesco Dividend Achievers ETF in the third quarter worth $200,000. Atria Investments Inc acquired a new position in Invesco Dividend Achievers ETF in the third quarter valued at $268,000. Finally, American Capital Advisory LLC bought a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth about $63,000.

Invesco Dividend Achievers ETF Stock Down 0.4 %

Invesco Dividend Achievers ETF stock traded down $0.21 during trading hours on Tuesday, hitting $47.32. The stock had a trading volume of 11,938 shares, compared to its average volume of 26,936. The company has a 50-day moving average of $46.31 and a two-hundred day moving average of $44.31. The company has a market cap of $723.05 million, a PE ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a fifty-two week low of $37.12 and a fifty-two week high of $47.80.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.173 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.69 dividend on an annualized basis and a yield of 1.46%.

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.