Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Significant Drop in Short Interest

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 9,103 shares, a decrease of 71.8% from the May 14th total of 32,226 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 33,831 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Triton Wealth Management PLLC increased its stake in shares of Invesco BuyBack Achievers ETF by 565.5% during the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock worth $9,585,000 after purchasing an additional 60,275 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Invesco BuyBack Achievers ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after purchasing an additional 43,912 shares in the last quarter. LPL Financial LLC increased its stake in shares of Invesco BuyBack Achievers ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after purchasing an additional 40,121 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Invesco BuyBack Achievers ETF by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock worth $50,023,000 after purchasing an additional 37,513 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth about $4,372,000.

Invesco BuyBack Achievers ETF Stock Up 1.3%

NASDAQ PKW traded up $1.79 on Thursday, reaching $139.09. The company had a trading volume of 19,209 shares, compared to its average volume of 30,442. The stock has a market capitalization of $1.65 billion, a P/E ratio of 15.13 and a beta of 0.93. The company’s fifty day moving average is $136.54 and its 200 day moving average is $135.67. Invesco BuyBack Achievers ETF has a 52-week low of $118.46 and a 52-week high of $141.39.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.2167 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.87 annualized dividend and a yield of 0.6%.

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.