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

Invesco International Dividend Achievers ETF (NASDAQ:PID) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 14,254 shares, a decline of 50.0% from the February 26th total of 28,495 shares. Based on an average trading volume of 81,799 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Invesco International Dividend Achievers ETF Stock Performance

PID stock traded down $0.14 during midday trading on Thursday, reaching $21.90. 139,071 shares of the company traded hands, compared to its average volume of 87,986. The firm has a market capitalization of $885.42 million, a price-to-earnings ratio of 15.28 and a beta of 0.81. Invesco International Dividend Achievers ETF has a 52-week low of $17.31 and a 52-week high of $23.76. The business has a 50 day moving average of $22.93 and a 200-day moving average of $22.10.

Invesco International Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be given a dividend of $0.1976 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.79 annualized dividend and a dividend yield of 3.6%. This is an increase from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.12.

Institutional Trading of Invesco International Dividend Achievers ETF

A number of institutional investors have recently bought and sold shares of PID. Evelyn Partners Asset Management Ltd purchased a new position in Invesco International Dividend Achievers ETF during the fourth quarter worth $31,000. Ameriflex Group Inc. purchased a new stake in shares of Invesco International Dividend Achievers ETF in the fourth quarter valued at $31,000. Camelot Portfolios LLC purchased a new stake in shares of Invesco International Dividend Achievers ETF in the fourth quarter valued at $33,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco International Dividend Achievers ETF by 40.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,856 shares of the company’s stock worth $38,000 after acquiring an additional 531 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Invesco International Dividend Achievers ETF in the 4th quarter worth about $43,000. 46.28% of the stock is currently owned by institutional investors.

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.