Invesco International Dividend Achievers ETF (NASDAQ:PID) Stock Short Interest Falls 44.9%

Invesco International Dividend Achievers ETF (NASDAQ:PID) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 40,712 shares, a drop of 44.9% from the September 15th total of 73,905 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 72,450 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Invesco International Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PID. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco International Dividend Achievers ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 238,786 shares of the company’s stock valued at $5,301,000 after acquiring an additional 18,867 shares during the period. Focus Financial Network Inc. raised its position in Invesco International Dividend Achievers ETF by 0.8% in the 3rd quarter. Focus Financial Network Inc. now owns 187,204 shares of the company’s stock valued at $4,001,000 after purchasing an additional 1,548 shares during the last quarter. Continuum Advisory LLC boosted its stake in Invesco International Dividend Achievers ETF by 10.3% during the 2nd 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 period. Brian Low Financial Group LLC boosted its stake in Invesco International Dividend Achievers ETF by 7.6% during the 1st quarter. Brian Low Financial Group LLC now owns 99,068 shares of the company’s stock worth $2,204,000 after purchasing an additional 6,974 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Invesco International Dividend Achievers ETF by 3,898.6% during the third quarter. Farther Finance Advisors LLC now owns 44,944 shares of the company’s stock worth $961,000 after buying an additional 43,820 shares during the period. Institutional investors and hedge funds own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Stock Up 1.6%

NASDAQ:PID traded up $0.35 on Thursday, reaching $22.20. 34,842 shares of the company’s stock were exchanged, compared to its average volume of 82,379. The firm has a market capitalization of $877.12 million, a price-to-earnings ratio of 15.28 and a beta of 0.71. Invesco International Dividend Achievers ETF has a 52-week low of $21.17 and a 52-week high of $23.76. The business has a fifty day moving average of $22.35 and a 200-day moving average of $22.62.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.1542 dividend. This is a drop from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.3129. This represents a $0.62 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 21st.

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.