Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Decreases By 60.2%

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Kovitz Investment Group Partners LLC increased its stake in Invesco BuyBack Achievers ETF by 1.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after buying an additional 136 shares in the last quarter. Tempus Wealth Planning LLC increased its stake in Invesco BuyBack Achievers ETF by 1.8% during the 3rd quarter. Tempus Wealth Planning LLC now owns 10,306 shares of the exchange traded fund’s stock worth $1,180,000 after buying an additional 178 shares in the last quarter. Grove Bank & Trust purchased a new stake in Invesco BuyBack Achievers ETF during the 4th quarter worth approximately $35,000. Cetera Investment Advisers increased its stake in Invesco BuyBack Achievers ETF by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 27,412 shares of the exchange traded fund’s stock worth $2,848,000 after buying an additional 302 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth approximately $46,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of Invesco BuyBack Achievers ETF stock traded down $0.72 on Tuesday, hitting $119.73. The company’s stock had a trading volume of 6,158 shares, compared to its average volume of 32,519. Invesco BuyBack Achievers ETF has a 1 year low of $99.16 and a 1 year high of $125.31. The firm has a fifty day moving average price of $119.13 and a 200-day moving average price of $114.40. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.2197 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.