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

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 319,382 shares, a growth of 5,392.4% from the October 15th total of 5,815 shares. Based on an average trading volume of 58,191 shares, the short-interest ratio is currently 5.5 days. Currently, 3.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in Invesco International BuyBack Achievers ETF by 18.4% in the 1st quarter. Bank of America Corp DE now owns 695,777 shares of the company’s stock valued at $39,146,000 after buying an additional 108,140 shares during the period. Kellett Wealth Advisors LLC lifted its stake in shares of Invesco International BuyBack Achievers ETF by 16.9% in the 3rd quarter. Kellett Wealth Advisors LLC now owns 408,736 shares of the company’s stock worth $24,242,000 after acquiring an additional 59,219 shares during the period. Nikulski Financial Inc. lifted its stake in shares of Invesco International BuyBack Achievers ETF by 10.5% in the 3rd quarter. Nikulski Financial Inc. now owns 271,022 shares of the company’s stock worth $16,074,000 after acquiring an additional 25,858 shares during the period. Brookstone Capital Management acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the 3rd quarter worth $10,298,000. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Invesco International BuyBack Achievers ETF by 7.6% in the first quarter. Arkadios Wealth Advisors now owns 171,141 shares of the company’s stock valued at $9,629,000 after acquiring an additional 12,108 shares in the last quarter.

Invesco International BuyBack Achievers ETF Stock Down 0.4%

Shares of IPKW stock opened at $60.27 on Wednesday. The stock’s 50-day moving average price is $60.08 and its 200 day moving average price is $58.82. The stock has a market capitalization of $557.50 million, a PE ratio of 12.84 and a beta of 0.66. Invesco International BuyBack Achievers ETF has a 52-week low of $51.35 and a 52-week high of $62.17.

Invesco International BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.2494 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%.

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.