Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Declines By 47.4%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 17,362 shares, a decline of 47.4% from the January 29th total of 33,001 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 29,002 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 29,002 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth about $806,000. Garton & Associates Financial Advisors LLC acquired a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at about $28,000. truNorth Financial Services Inc. acquired a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at about $1,026,000. Stokes Family Office LLC grew its stake in Invesco BuyBack Achievers ETF by 6.2% during the fourth quarter. Stokes Family Office LLC now owns 4,040 shares of the exchange traded fund’s stock worth $543,000 after buying an additional 235 shares during the last quarter. Finally, Vertex Planning Partners LLC bought a new stake in Invesco BuyBack Achievers ETF during the fourth quarter worth about $201,000.

Invesco BuyBack Achievers ETF Trading Up 0.4%

Shares of PKW opened at $139.09 on Friday. The stock has a market cap of $2.16 billion, a PE ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a 1 year low of $96.10 and a 1 year high of $140.10. The stock has a 50 day simple moving average of $137.08 and a 200-day simple moving average of $133.24.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid 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.

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.