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

Invesco International Dividend Achievers ETF (NASDAQ:PID) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 28,495 shares, a growth of 228.8% from the February 12th total of 8,667 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 60,606 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 60,606 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Invesco International Dividend Achievers ETF Stock Performance

Invesco International Dividend Achievers ETF stock traded down $0.11 during midday trading on Friday, reaching $22.46. The stock had a trading volume of 22,329 shares, compared to its average volume of 91,098. The stock has a market capitalization of $908.06 million, a P/E ratio of 15.28 and a beta of 0.81. The firm’s fifty day simple moving average is $22.93 and its 200-day simple moving average is $22.03. Invesco International Dividend Achievers ETF has a 1-year low of $17.31 and a 1-year high of $23.76.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.1185 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in Invesco International Dividend Achievers ETF by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,650,734 shares of the company’s stock worth $36,316,000 after acquiring an additional 41,871 shares in the last quarter. LPL Financial LLC grew its stake in Invesco International Dividend Achievers ETF by 0.4% in the fourth quarter. LPL Financial LLC now owns 1,317,186 shares of the company’s stock valued at $28,978,000 after purchasing an additional 5,217 shares in the last quarter. Modern Wealth Management LLC increased its position in shares of Invesco International Dividend Achievers ETF by 2.4% during the 3rd quarter. Modern Wealth Management LLC now owns 1,032,733 shares of the company’s stock worth $21,963,000 after purchasing an additional 24,655 shares during the last quarter. UBS Group AG raised its stake in shares of Invesco International Dividend Achievers ETF by 1.9% during the 3rd quarter. UBS Group AG now owns 929,589 shares of the company’s stock worth $19,770,000 after purchasing an additional 17,447 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Invesco International Dividend Achievers ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 915,885 shares of the company’s stock worth $19,478,000 after acquiring an additional 6,572 shares in the last quarter. 46.28% of the stock is currently owned by institutional investors and hedge funds.

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.