Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Expands By 82.4%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 28,800 shares, an increase of 82.4% from the November 30th total of 15,791 shares. Based on an average daily volume of 22,705 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 22,705 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PKW. Allworth Financial LP grew its position in Invesco BuyBack Achievers ETF by 3.6% in the 3rd quarter. Allworth Financial LP now owns 2,532 shares of the exchange traded fund’s stock valued at $335,000 after acquiring an additional 88 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF in the third quarter valued at approximately $352,000. Advisory Services Network LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 10.7% in the third quarter. Advisory Services Network LLC now owns 2,501 shares of the exchange traded fund’s stock valued at $331,000 after purchasing an additional 242 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 31.0% in the third quarter. NewEdge Advisors LLC now owns 36,818 shares of the exchange traded fund’s stock valued at $4,878,000 after purchasing an additional 8,703 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $1,750,000.

Invesco BuyBack Achievers ETF Stock Down 0.6%

NASDAQ:PKW traded down $0.76 on Monday, reaching $135.62. The company’s stock had a trading volume of 30,023 shares, compared to its average volume of 28,657. The stock has a 50 day moving average price of $132.11 and a 200 day moving average price of $129.43. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a 12-month low of $96.10 and a 12-month high of $136.88.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.2739 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.8%.

About Invesco BuyBack Achievers ETF

PowerShares Buyback Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Share BuyBack Achievers Index (the Index). The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers. To become eligible for inclusion in the Index, a company must be incorporated in the United States, trade on a United States exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months.