Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Update

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 47,654 shares, a growth of 387.6% from the December 31st total of 9,773 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 53,825 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 53,825 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Costello Asset Management INC increased its holdings in Invesco BuyBack Achievers ETF by 77.0% during the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Chesapeake Asset Management LLC bought a new stake in Invesco BuyBack Achievers ETF during the 4th quarter valued at approximately $34,000. Assetmark Inc. boosted its position in shares of Invesco BuyBack Achievers ETF by 72.4% during the second quarter. Assetmark Inc. now owns 488 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 205 shares in the last quarter. CX Institutional bought a new position in shares of Invesco BuyBack Achievers ETF in the 3rd quarter worth about $71,000. Finally, Cardiff Park Advisors LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the third quarter valued at approximately $79,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of Invesco BuyBack Achievers ETF stock opened at $135.89 on Friday. Invesco BuyBack Achievers ETF has a 52-week low of $96.10 and a 52-week high of $138.50. The company has a fifty day moving average of $135.11 and a 200-day moving average of $131.51. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.2739 per share. This represents a $1.10 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, December 22nd.

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.