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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 9,200 shares, a decrease of 60.2% from the December 15th total of 23,100 shares. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is presently 0.4 days.

Invesco BuyBack Achievers ETF Stock Performance

PKW stock traded up $1.37 during midday trading on Tuesday, reaching $116.18. The stock had a trading volume of 45,931 shares, compared to its average volume of 42,329. The firm has a fifty day simple moving average of $119.44 and a two-hundred day simple moving average of $113.49. Invesco BuyBack Achievers ETF has a 52-week low of $96.67 and a 52-week high of $125.31. The stock has a market cap of $1.23 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.2197 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

A number of large investors have recently bought and sold shares of PKW. Pacific Wealth Strategies Group Inc. raised its position in Invesco BuyBack Achievers ETF by 8.6% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 114,159 shares of the exchange traded fund’s stock worth $13,073,000 after buying an additional 9,046 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its stake in shares of Invesco BuyBack Achievers ETF by 27.4% in the third quarter. Legacy Capital Wealth Partners LLC now owns 100,315 shares of the exchange traded fund’s stock worth $10,957,000 after acquiring an additional 21,547 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of Invesco BuyBack Achievers ETF by 10.4% during the third quarter. Koshinski Asset Management Inc. now owns 59,934 shares of the exchange traded fund’s stock worth $6,864,000 after purchasing an additional 5,646 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Invesco BuyBack Achievers ETF by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 42,598 shares of the exchange traded fund’s stock valued at $4,878,000 after purchasing an additional 499 shares during the period. Finally, FMR LLC boosted its holdings in Invesco BuyBack Achievers ETF by 2.3% in the third quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock valued at $4,614,000 after purchasing an additional 903 shares during the last quarter.

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.