Short Interest in Invesco International Dividend Achievers ETF (NASDAQ:PID) Declines By 50.0%

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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 81,799 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PID. Jones Financial Companies Lllp grew its stake in shares of Invesco International Dividend Achievers ETF by 11.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 616,547 shares of the company’s stock worth $13,071,000 after purchasing an additional 64,674 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of Invesco International Dividend Achievers ETF in the 2nd quarter worth approximately $20,666,000. CX Institutional acquired a new stake in Invesco International Dividend Achievers ETF during the third quarter valued at approximately $555,000. Stratos Wealth Partners LTD. lifted its stake in Invesco International Dividend Achievers ETF by 14.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 58,542 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,320 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Invesco International Dividend Achievers ETF by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 109,760 shares of the company’s stock worth $2,334,000 after buying an additional 7,899 shares in the last quarter. 46.28% of the stock is currently owned by institutional investors.

Invesco International Dividend Achievers ETF Price Performance

Shares of NASDAQ PID traded down $0.15 during midday trading on Friday, hitting $21.75. 101,152 shares of the company’s stock were exchanged, compared to its average volume of 88,208. Invesco International Dividend Achievers ETF has a twelve month low of $17.31 and a twelve month high of $23.76. The firm has a market cap of $879.35 million, a P/E ratio of 15.28 and a beta of 0.81. The stock’s 50 day moving average price is $22.90 and its 200-day moving average price is $22.10.

Invesco International Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1976 per share. This is a boost from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 23rd. This represents a $0.79 dividend on an annualized basis and a yield of 3.6%.

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.