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

Invesco International Dividend Achievers ETF (NASDAQ:PID – Get Rating) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 154,100 shares, a decrease of 14.0% from the February 13th total of 179,100 shares. Based on an average daily volume of 353,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Silver Lake Advisory LLC raised its holdings in Invesco International Dividend Achievers ETF by 2.2% in the 3rd quarter. Silver Lake Advisory LLC now owns 321,076 shares of the company’s stock worth $4,896,000 after purchasing an additional 7,017 shares in the last quarter. Creative Planning grew its position in shares of Invesco International Dividend Achievers ETF by 0.6% in the 3rd quarter. Creative Planning now owns 126,404 shares of the company’s stock worth $1,928,000 after buying an additional 733 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Invesco International Dividend Achievers ETF in the 3rd quarter worth about $975,000. TFG Advisers LLC grew its position in shares of Invesco International Dividend Achievers ETF by 12.4% in the 3rd quarter. TFG Advisers LLC now owns 72,830 shares of the company’s stock worth $1,111,000 after buying an additional 8,047 shares during the period. Finally, UBS Group AG grew its position in shares of Invesco International Dividend Achievers ETF by 13.7% in the 3rd quarter. UBS Group AG now owns 1,120,682 shares of the company’s stock worth $17,091,000 after buying an additional 134,606 shares during the period. 38.12% of the stock is currently owned by institutional investors.

Invesco International Dividend Achievers ETF Stock Performance

Shares of NASDAQ PID opened at $17.06 on Friday. Invesco International Dividend Achievers ETF has a 12 month low of $14.65 and a 12 month high of $20.00. The firm has a fifty day simple moving average of $17.62 and a two-hundred day simple moving average of $16.92.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were issued a $0.079 dividend. The ex-dividend date was Monday, December 19th. This represents a $0.32 annualized dividend and a yield of 1.85%.