Invesco BuyBack Achievers ETF (NASDAQ:PKW) Stock Short Interest Rises 86.0%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 18,129 shares, a growth of 86.0% from the August 31st total of 9,748 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 31,326 shares, the days-to-cover ratio is currently 0.6 days.

Invesco BuyBack Achievers ETF Trading Down 0.2%

Invesco BuyBack Achievers ETF stock traded down $0.35 on Tuesday, reaching $143.72. 42,316 shares of the stock were exchanged, compared to its average volume of 30,371. Invesco BuyBack Achievers ETF has a twelve month low of $125.47 and a twelve month high of $154.72. The firm has a fifty day moving average price of $149.34 and a two-hundred day moving average price of $141.48. The stock has a market cap of $1.68 billion, a PE ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a $0.2183 dividend. This is a decrease from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. United Community Bank acquired a new stake in shares of Invesco BuyBack Achievers ETF in the second quarter worth $70,000. Envestnet Asset Management Inc. raised its stake in Invesco BuyBack Achievers ETF by 173.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 192,831 shares of the exchange traded fund’s stock valued at $27,316,000 after purchasing an additional 122,311 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Invesco BuyBack Achievers ETF by 13.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 79,528 shares of the exchange traded fund’s stock valued at $10,438,000 after purchasing an additional 9,344 shares during the period. Triton Wealth Management PLLC boosted its holdings in Invesco BuyBack Achievers ETF by 1.6% in the 1st quarter. Triton Wealth Management PLLC now owns 72,054 shares of the exchange traded fund’s stock valued at $9,529,000 after purchasing an additional 1,120 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Invesco BuyBack Achievers ETF by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 68,412 shares of the exchange traded fund’s stock worth $9,189,000 after purchasing an additional 3,438 shares during the last quarter.

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.