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

Invesco International Dividend Achievers ETF (NASDAQ:PID) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 7,183 shares, a drop of 80.3% from the January 15th total of 36,472 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 88,952 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 88,952 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Invesco International Dividend Achievers ETF Stock Performance

PID stock opened at $23.38 on Wednesday. Invesco International Dividend Achievers ETF has a fifty-two week low of $17.31 and a fifty-two week high of $23.49. The firm has a market capitalization of $945.25 million, a price-to-earnings ratio of 15.28 and a beta of 0.81. The company’s 50 day moving average price is $22.34 and its 200 day moving average price is $21.67.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.1185 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco International Dividend Achievers ETF

Institutional investors have recently modified their holdings of the company. Stephens Inc. AR boosted its holdings in shares of Invesco International Dividend Achievers ETF by 8.8% in the second quarter. Stephens Inc. AR now owns 19,800 shares of the company’s stock valued at $406,000 after acquiring an additional 1,599 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Invesco International Dividend Achievers ETF by 28.4% in the second quarter. Janney Montgomery Scott LLC now owns 16,447 shares of the company’s stock worth $337,000 after purchasing an additional 3,635 shares during the period. Modern Wealth Management LLC bought a new position in Invesco International Dividend Achievers ETF during the 2nd quarter valued at $20,666,000. Drive Wealth Management LLC increased its position in shares of Invesco International Dividend Achievers ETF by 3.4% during the 2nd quarter. Drive Wealth Management LLC now owns 29,168 shares of the company’s stock valued at $598,000 after purchasing an additional 960 shares during the period. Finally, Creative Planning increased its position in shares of Invesco International Dividend Achievers ETF by 4.6% during the 2nd quarter. Creative Planning now owns 112,265 shares of the company’s stock valued at $2,301,000 after purchasing an additional 4,912 shares during the period. Institutional investors own 46.28% of the company’s stock.

About Invesco International Dividend Achievers ETF

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.