Invesco International Dividend Achievers ETF (NASDAQ:PID) Shares Shorted: Short Interest Down 44.9% in September

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Invesco International Dividend Achievers ETF in the third quarter worth approximately $49,000. Focus Financial Network Inc. raised its holdings 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 acquiring an additional 1,548 shares during the last quarter. Breakwater Capital Group lifted its stake in Invesco International Dividend Achievers ETF by 2.5% in the 3rd quarter. Breakwater Capital Group now owns 41,758 shares of the company’s stock worth $893,000 after purchasing an additional 1,036 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Invesco International Dividend Achievers ETF by 3,898.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 44,944 shares of the company’s stock worth $961,000 after purchasing an additional 43,820 shares in the last quarter. Finally, Winebrenner Capital Management LLC lifted its stake in Invesco International Dividend Achievers ETF by 7.3% in the 3rd quarter. Winebrenner Capital Management LLC now owns 43,856 shares of the company’s stock worth $937,000 after purchasing an additional 2,991 shares in the last quarter. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Price Performance

Shares of PID stock traded up $0.35 during trading hours on Thursday, hitting $22.20. The stock had a trading volume of 34,842 shares, compared to its average volume of 82,379. The stock’s 50-day moving average price is $22.35 and its two-hundred day moving average price is $22.62. Invesco International Dividend Achievers ETF has a one year low of $21.17 and a one year high of $23.76. The stock 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 Cuts Dividend

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

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.