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

Invesco International Dividend Achievers ETF (NASDAQ:PID) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 6,437 shares, a decline of 60.7% from the April 30th total of 16,359 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 38,896 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco International Dividend Achievers ETF

Several large investors have recently made changes to their positions in the business. Arkadios Wealth Advisors lifted its holdings in shares of Invesco International Dividend Achievers ETF by 4.1% during the first quarter. Arkadios Wealth Advisors now owns 24,625 shares of the company’s stock valued at $548,000 after purchasing an additional 963 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco International Dividend Achievers ETF by 68.5% during the first quarter. Geneos Wealth Management Inc. now owns 8,290 shares of the company’s stock valued at $184,000 after purchasing an additional 3,371 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Invesco International Dividend Achievers ETF during the first quarter valued at approximately $367,000. Stephens Inc. AR lifted its holdings in shares of Invesco International Dividend Achievers ETF by 5.5% during the first quarter. Stephens Inc. AR now owns 19,617 shares of the company’s stock valued at $436,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Appalachian Capital Management Ltd lifted its holdings in shares of Invesco International Dividend Achievers ETF by 10.1% during the first quarter. Appalachian Capital Management Ltd now owns 29,635 shares of the company’s stock valued at $659,000 after purchasing an additional 2,723 shares during the last quarter. 46.28% of the stock is currently owned by hedge funds and other institutional investors.

Invesco International Dividend Achievers ETF Trading Up 0.6%

Invesco International Dividend Achievers ETF stock traded up $0.14 during trading hours on Monday, hitting $23.26. 26,487 shares of the stock traded hands, compared to its average volume of 96,183. The firm’s 50-day moving average price is $22.66 and its two-hundred day moving average price is $22.54. The company has a market cap of $931.33 million, a PE ratio of 15.28 and a beta of 0.70. Invesco International Dividend Achievers ETF has a one year low of $20.06 and a one year high of $23.76.

Invesco International Dividend Achievers ETF Increases Dividend

The company also recently disclosed 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 represents a $0.79 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.12.

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.