Invesco Dividend Achievers ETF (NASDAQ:PFM) Stock Short Interest Report for October

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

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new stake in Invesco Dividend Achievers ETF in the 1st quarter worth approximately $28,000. Next Level Wealth Planning LLC bought a new position in Invesco Dividend Achievers ETF during the third quarter valued at approximately $37,000. Assetmark Inc. grew its position in Invesco Dividend Achievers ETF by 900.9% during the first quarter. Assetmark Inc. now owns 1,111 shares of the company’s stock valued at $57,000 after acquiring an additional 1,000 shares during the last quarter. City Holding Co. purchased a new position in shares of Invesco Dividend Achievers ETF during the second quarter worth approximately $58,000. Finally, Western Wealth Management LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the first quarter worth approximately $77,000.

Invesco Dividend Achievers ETF Trading Down 0.4%

Shares of PFM traded down $0.26 during trading hours on Friday, reaching $58.39. 9,800 shares of the company’s stock traded hands, compared to its average volume of 23,524. Invesco Dividend Achievers ETF has a 12 month low of $49.98 and a 12 month high of $58.87. The stock has a market cap of $815.71 million, a PE ratio of 23.20 and a beta of 0.77. The firm’s 50 day simple moving average is $56.58 and its 200-day simple moving average is $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.