Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Large Increase in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 19,993 shares, a growth of 92.9% from the August 31st total of 10,362 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 40,210 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

Several institutional investors have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC increased its position in shares of Invesco International BuyBack Achievers ETF by 112.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 29,050 shares of the company’s stock worth $1,634,000 after acquiring an additional 15,375 shares in the last quarter. Breakwater Capital Group lifted its position in Invesco International BuyBack Achievers ETF by 9.5% in the 1st quarter. Breakwater Capital Group now owns 141,409 shares of the company’s stock valued at $7,956,000 after acquiring an additional 12,246 shares in the last quarter. Citadel Advisors LLC lifted its position in Invesco International BuyBack Achievers ETF by 42.6% in the 2nd quarter. Citadel Advisors LLC now owns 53,158 shares of the company’s stock valued at $2,994,000 after acquiring an additional 15,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Invesco International BuyBack Achievers ETF in the 4th quarter valued at $1,366,000. Finally, Private Advisor Group LLC boosted its stake in Invesco International BuyBack Achievers ETF by 55.1% in the 1st quarter. Private Advisor Group LLC now owns 101,891 shares of the company’s stock worth $5,733,000 after purchasing an additional 36,213 shares during the period.

Invesco International BuyBack Achievers ETF Trading Down 0.4%

IPKW stock opened at $60.14 on Tuesday. Invesco International BuyBack Achievers ETF has a 1-year low of $50.96 and a 1-year high of $62.17. The firm has a market cap of $553.29 million, a PE ratio of 10.59 and a beta of 0.63. The business’s 50-day moving average price is $60.75 and its two-hundred day moving average price is $58.68.

Invesco International BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.2494 per share. 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%. The ex-dividend date of this dividend was Monday, September 21st.

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.