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

Invesco International Dividend Achievers ETF (NASDAQ:PID) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 73,905 shares, a growth of 71.1% from the August 31st total of 43,183 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 74,475 shares, the days-to-cover ratio is currently 1.0 days.

Invesco International Dividend Achievers ETF Stock Performance

PID stock traded down $0.12 on Thursday, reaching $21.25. The company had a trading volume of 55,695 shares, compared to its average volume of 83,446. The company’s fifty day moving average is $22.66 and its 200 day moving average is $22.66. The company has a market cap of $842.99 million, a P/E ratio of 15.28 and a beta of 0.70. Invesco International Dividend Achievers ETF has a 1 year low of $21.03 and a 1 year high of $23.76.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.1542 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.9%. This is a negative change from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.3129. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Trading of Invesco International Dividend Achievers ETF

A number of large investors have recently made changes to their positions in PID. Envestnet Asset Management Inc. increased its position in Invesco International Dividend Achievers ETF by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 238,786 shares of the company’s stock worth $5,301,000 after purchasing an additional 18,867 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco International Dividend Achievers ETF during the 2nd quarter valued at about $83,000. Continuum Advisory LLC increased its position in Invesco International Dividend Achievers ETF by 10.3% during the second quarter. Continuum Advisory LLC now owns 116,535 shares of the company’s stock worth $2,587,000 after purchasing an additional 10,884 shares during the last quarter. Community Financial Services Group LLC purchased a new position in shares of Invesco International Dividend Achievers ETF in the 2nd quarter worth $67,000. Finally, Focus Financial Network Inc. raised its holdings in shares of Invesco International Dividend Achievers ETF by 0.9% in the 2nd quarter. Focus Financial Network Inc. now owns 185,656 shares of the company’s stock worth $4,122,000 after purchasing an additional 1,679 shares during the period. Institutional investors and hedge funds own 46.28% of the company’s stock.

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.