Invesco BuyBack Achievers ETF (NASDAQ:PKW) Shares Shorted: Short Interest Up 20,156.6% in October

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 245,713 shares, an increase of 20,156.6% from the October 15th total of 1,213 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,070 shares, the days-to-cover ratio is currently 12.9 days.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. United Community Bank acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 2nd quarter worth about $70,000. Envestnet Asset Management Inc. boosted its position in Invesco BuyBack Achievers ETF by 173.4% in the second quarter. Envestnet Asset Management Inc. now owns 192,831 shares of the exchange traded fund’s stock valued at $27,316,000 after buying an additional 122,311 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in Invesco BuyBack Achievers ETF by 16,177.2% in the second quarter. TD Waterhouse Canada Inc. now owns 40,693 shares of the exchange traded fund’s stock valued at $5,765,000 after buying an additional 40,443 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in Invesco BuyBack Achievers ETF during the third quarter worth about $5,047,000. Finally, Commonwealth Equity Services LLC bought a new stake in Invesco BuyBack Achievers ETF during the third quarter worth about $4,375,000.

Invesco BuyBack Achievers ETF Price Performance

Shares of NASDAQ:PKW opened at $151.29 on Thursday. The business’s fifty day moving average price is $148.76 and its two-hundred day moving average price is $141.97. Invesco BuyBack Achievers ETF has a fifty-two week low of $125.47 and a fifty-two week high of $154.72. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.43 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.