Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Large Decline in Short Interest

Invesco International Dividend Achievers ETF (NASDAQ:PID) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 36,472 shares, a decrease of 62.7% from the December 31st total of 97,746 shares. Based on an average daily volume of 67,166 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 67,166 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Invesco International Dividend Achievers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Modern Wealth Management LLC raised its position in shares of Invesco International Dividend Achievers ETF by 2.4% during the third quarter. Modern Wealth Management LLC now owns 1,032,733 shares of the company’s stock valued at $21,963,000 after buying an additional 24,655 shares during the last quarter. UBS Group AG increased its stake in Invesco International Dividend Achievers ETF by 1.9% during the third quarter. UBS Group AG now owns 929,589 shares of the company’s stock valued at $19,770,000 after acquiring an additional 17,447 shares during the period. Bank of America Corp DE increased its stake in Invesco International Dividend Achievers ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 915,885 shares of the company’s stock valued at $19,478,000 after acquiring an additional 6,572 shares during the period. Jones Financial Companies Lllp raised its holdings in Invesco International Dividend Achievers ETF by 11.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 616,547 shares of the company’s stock valued at $13,071,000 after acquiring an additional 64,674 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its position in shares of Invesco International Dividend Achievers ETF by 11.8% in the 3rd quarter. Equitable Holdings Inc. now owns 505,941 shares of the company’s stock worth $10,760,000 after acquiring an additional 53,545 shares during the period. 46.28% of the stock is currently owned by institutional investors and hedge funds.

Invesco International Dividend Achievers ETF Stock Down 0.3%

NASDAQ PID traded down $0.07 during trading on Friday, hitting $22.74. The company’s stock had a trading volume of 71,049 shares, compared to its average volume of 79,367. Invesco International Dividend Achievers ETF has a 52 week low of $17.31 and a 52 week high of $23.09. The firm has a market cap of $919.38 million, a P/E ratio of 15.28 and a beta of 0.81. The firm has a 50 day moving average price of $22.17 and a 200 day moving average price of $21.56.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.1185 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.47 dividend on an annualized basis and a yield of 2.1%.

Invesco International Dividend Achievers ETF Company Profile

The Invesco International Dividend Achievers ETF (PID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-yield-weighted index of foreign securities with high dividend growth. PID was launched on Sep 15, 2005 and is managed by Invesco.