Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Down 76.3% in October

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

Invesco Dividend Achievers ETF Stock Up 0.1 %

Shares of NASDAQ PFM traded up $0.05 during midday trading on Wednesday, hitting $47.37. 14,092 shares of the company’s stock were exchanged, compared to its average volume of 26,877. The firm has a market capitalization of $723.81 million, a PE ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 12 month low of $37.60 and a 12 month high of $47.80. The company’s 50 day moving average price is $46.34 and its 200 day moving average price is $44.35.

Invesco Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of Invesco Dividend Achievers ETF

Large investors have recently bought and sold shares of the company. Raymond James & Associates raised its stake in Invesco Dividend Achievers ETF by 59.6% during the 2nd quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock worth $15,801,000 after acquiring an additional 138,313 shares during the period. Cetera Investment Advisers purchased a new position in Invesco Dividend Achievers ETF during the 1st quarter worth $2,013,000. Atria Wealth Solutions Inc. grew its holdings in Invesco Dividend Achievers ETF by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 216,393 shares of the company’s stock valued at $9,234,000 after buying an additional 6,530 shares during the last quarter. Focus Financial Network Inc. grew its holdings in Invesco Dividend Achievers ETF by 3.7% during the 2nd quarter. Focus Financial Network Inc. now owns 117,679 shares of the company’s stock valued at $5,242,000 after purchasing an additional 4,228 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Invesco Dividend Achievers ETF during the 2nd quarter valued at $34,000.

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.