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

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CPC Advisors LLC acquired a new position in Invesco Dividend Achievers ETF during the fourth quarter worth $7,851,000. SteelPeak Wealth LLC boosted its position in shares of Invesco Dividend Achievers ETF by 497.3% during the 1st quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock valued at $2,755,000 after acquiring an additional 44,888 shares during the last quarter. Independent Financial Group LLC acquired a new position in Invesco Dividend Achievers ETF in the 1st quarter valued at about $1,160,000. HighTower Advisors LLC grew its position in Invesco Dividend Achievers ETF by 55.9% in the fourth quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock worth $2,925,000 after acquiring an additional 20,354 shares during the period. Finally, Lido Advisors LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth $852,000.

Invesco Dividend Achievers ETF Trading Up 0.9%

NASDAQ:PFM traded up $0.50 during trading hours on Thursday, reaching $56.21. 18,884 shares of the company were exchanged, compared to its average volume of 26,000. The firm has a market cap of $788.63 million, a PE ratio of 23.20 and a beta of 0.78. The stock’s 50-day moving average is $55.13 and its 200-day moving average is $53.54. Invesco Dividend Achievers ETF has a twelve month low of $47.89 and a twelve month high of $56.26.

Invesco Dividend Achievers ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.1929 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.77 dividend on an annualized basis and a dividend 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.