Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Up 24.1% in November

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 17,500 shares, a growth of 24.1% from the November 15th total of 14,100 shares. Based on an average daily volume of 32,500 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. MML Investors Services LLC increased its stake in Invesco Dividend Achievers ETF by 1.8% during the third quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock worth $2,734,000 after acquiring an additional 1,054 shares during the last quarter. Dorsey Wright & Associates purchased a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth about $2,329,000. Stifel Financial Corp increased its position in Invesco Dividend Achievers ETF by 86.4% during the 3rd quarter. Stifel Financial Corp now owns 20,255 shares of the company’s stock worth $943,000 after purchasing an additional 9,387 shares in the last quarter. CreativeOne Wealth LLC increased its position in Invesco Dividend Achievers ETF by 2.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 59,447 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in Invesco Dividend Achievers ETF by 0.6% in the third quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after buying an additional 753 shares during the period.

Invesco Dividend Achievers ETF Trading Up 0.6 %

Shares of NASDAQ:PFM opened at $47.40 on Monday. The firm has a market cap of $724.27 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The stock’s 50-day moving average price is $47.06 and its two-hundred day moving average price is $45.20. Invesco Dividend Achievers ETF has a 12-month low of $39.21 and a 12-month high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

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

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.