Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Shorted: Short Interest Up 118.4% in October

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 32,530 shares, a growth of 118.4% from the September 30th total of 14,892 shares. Based on an average daily trading volume, of 24,255 shares, the short-interest ratio is currently 1.3 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Waverly Advisors LLC grew its stake in shares of Invesco Dividend Achievers ETF by 0.4% in the first quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock worth $2,388,000 after acquiring an additional 192 shares in the last quarter. Sovran Advisors LLC boosted its stake in shares of Invesco Dividend Achievers ETF by 4.0% during the 1st quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock worth $309,000 after acquiring an additional 222 shares in the last quarter. Focus Financial Network Inc. lifted its stake in Invesco Dividend Achievers ETF by 0.3% in the 2nd quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock valued at $6,300,000 after buying an additional 326 shares in the last quarter. Citadel Advisors LLC raised its stake in Invesco Dividend Achievers ETF by 6.2% in the 2nd quarter. Citadel Advisors LLC now owns 9,243 shares of the company’s stock valued at $513,000 after purchasing an additional 538 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in Invesco Dividend Achievers ETF in the 1st quarter worth approximately $28,000.

Invesco Dividend Achievers ETF Stock Performance

PFM traded down $0.26 during trading on Friday, hitting $58.39. 9,800 shares of the stock were exchanged, compared to its average volume of 23,524. The firm has a market cap of $815.71 million, a price-to-earnings ratio of 23.20 and a beta of 0.77. Invesco Dividend Achievers ETF has a 1 year low of $49.98 and a 1 year high of $58.87. The firm has a 50 day simple moving average of $56.58 and a 200 day simple moving average of $54.82.

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.