Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Significant Decline in Short Interest

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 11,514 shares, a decrease of 63.6% from the April 15th total of 31,604 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,358 shares, the short-interest ratio is presently 0.4 days.

Invesco BuyBack Achievers ETF Price Performance

PKW traded down $0.85 during trading on Friday, hitting $134.35. 12,440 shares of the stock traded hands, compared to its average volume of 31,448. The firm has a market capitalization of $1.60 billion, a P/E ratio of 15.13 and a beta of 0.95. The firm has a 50-day moving average of $134.70 and a 200 day moving average of $134.70. Invesco BuyBack Achievers ETF has a 12-month low of $115.56 and a 12-month high of $141.39.

Invesco BuyBack Achievers ETF Cuts Dividend

The company 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 $0.2167 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 annualized dividend and a yield of 0.6%.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors have recently added to or reduced their stakes in PKW. Triton Wealth Management PLLC boosted its position in Invesco BuyBack Achievers ETF by 565.5% during the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock valued at $9,585,000 after buying an additional 60,275 shares during the period. Elevation Capital Advisory LLC boosted its position in Invesco BuyBack Achievers ETF by 337.5% during the 3rd quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock valued at $8,133,000 after buying an additional 47,355 shares during the period. Bank of America Corp DE boosted its position in Invesco BuyBack Achievers ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after buying an additional 43,912 shares during the period. LPL Financial LLC boosted its position in Invesco BuyBack Achievers ETF by 9.5% during the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after buying an additional 40,121 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Invesco BuyBack Achievers ETF by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock worth $50,023,000 after purchasing an additional 37,513 shares during the period.

Invesco BuyBack Achievers ETF Company Profile

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.