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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 9,773 shares, a drop of 66.1% from the December 15th total of 28,800 shares. Based on an average trading volume of 26,338 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 26,338 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Costello Asset Management INC lifted its position in Invesco BuyBack Achievers ETF by 77.0% in the second quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 94 shares during the last quarter. Chesapeake Asset Management LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth about $34,000. Assetmark Inc. increased 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 worth $60,000 after purchasing an additional 205 shares in the last quarter. CX Institutional purchased a new stake in shares of Invesco BuyBack Achievers ETF in the 3rd quarter valued at about $71,000. Finally, Cardiff Park Advisors LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 3rd quarter valued at about $79,000.

Invesco BuyBack Achievers ETF Stock Down 0.2%

PKW stock opened at $137.93 on Tuesday. The business has a 50 day moving average price of $133.05 and a 200 day moving average price of $130.57. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a fifty-two week low of $96.10 and a fifty-two week high of $138.50.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.