Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Significant Decrease in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 6,847 shares, a decrease of 67.9% from the May 31st total of 21,312 shares. Based on an average daily volume of 48,265 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. increased its stake in shares of Invesco International BuyBack Achievers ETF by 93.4% during the 2nd quarter. Raymond James Financial Inc. now owns 418,548 shares of the company’s stock worth $20,362,000 after purchasing an additional 202,083 shares during the last quarter. Bank of America Corp DE grew its holdings in Invesco International BuyBack Achievers ETF by 113.0% during the second quarter. Bank of America Corp DE now owns 366,366 shares of the company’s stock worth $17,824,000 after purchasing an additional 194,381 shares during the period. LPL Financial LLC grew its holdings in Invesco International BuyBack Achievers ETF by 27.3% during the fourth quarter. LPL Financial LLC now owns 551,633 shares of the company’s stock worth $30,656,000 after purchasing an additional 118,436 shares during the period. Horizon Wealth Management LLC acquired a new position in Invesco International BuyBack Achievers ETF during the fourth quarter worth approximately $4,645,000. Finally, Kellett Wealth Advisors LLC increased its position in Invesco International BuyBack Achievers ETF by 33.6% during the first quarter. Kellett Wealth Advisors LLC now owns 328,741 shares of the company’s stock worth $18,496,000 after buying an additional 82,639 shares during the last quarter.

Invesco International BuyBack Achievers ETF Stock Down 0.1%

Shares of NASDAQ:IPKW traded down $0.04 during midday trading on Friday, hitting $56.02. The stock had a trading volume of 48,676 shares, compared to its average volume of 63,439. Invesco International BuyBack Achievers ETF has a 12 month low of $48.15 and a 12 month high of $60.41. The business’s 50-day simple moving average is $58.06 and its 200-day simple moving average is $57.38. The company has a market cap of $506.98 million, a P/E ratio of 10.59 and a beta of 0.63.

Invesco International BuyBack Achievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.4504 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.2%.

Invesco International BuyBack Achievers ETF Company Profile

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.