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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 14,892 shares, a decline of 59.5% from the September 15th total of 36,815 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 22,576 shares, the short-interest ratio is presently 0.7 days.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ:PFM traded down $0.08 during trading on Tuesday, reaching $56.35. 6,639 shares of the stock were exchanged, compared to its average volume of 24,037. Invesco Dividend Achievers ETF has a 12-month low of $49.98 and a 12-month high of $58.18. The firm has a market cap of $790.59 million, a price-to-earnings ratio of 23.20 and a beta of 0.77. The firm’s 50-day moving average price is $56.65 and its 200 day moving average price is $55.24.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Waverly Advisors LLC lifted its position in Invesco Dividend Achievers ETF by 0.4% during the first quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after buying an additional 192 shares in the last quarter. Sovran Advisors LLC raised its stake in shares of Invesco Dividend Achievers ETF by 4.0% in the 1st quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock valued at $309,000 after acquiring an additional 222 shares during the period. Focus Financial Network Inc. raised its stake in shares of 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 acquiring an additional 326 shares during the period. Citadel Advisors LLC raised its stake in shares of 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 acquiring an additional 538 shares during the period. Finally, Fifth Third Bancorp acquired a new position in shares of Invesco Dividend Achievers ETF during the 1st quarter valued at $28,000.

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. 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.