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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,400 shares, an increase of 47.4% from the February 28th total of 5,700 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Invesco BuyBack Achievers ETF by 0.3% during the fourth quarter. JPMorgan Chase & Co. now owns 31,868 shares of the exchange traded fund’s stock worth $3,669,000 after buying an additional 87 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in Invesco BuyBack Achievers ETF by 1.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after acquiring an additional 136 shares during the last quarter. Principal Securities Inc. grew its stake in Invesco BuyBack Achievers ETF by 4.6% in the 4th quarter. Principal Securities Inc. now owns 4,292 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 189 shares during the period. Blair William & Co. IL raised its holdings in Invesco BuyBack Achievers ETF by 32.9% in the 4th quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock valued at $101,000 after acquiring an additional 217 shares during the last quarter. Finally, Ergawealth Advisors Inc. raised its holdings in Invesco BuyBack Achievers ETF by 6.8% in the 4th quarter. Ergawealth Advisors Inc. now owns 3,576 shares of the exchange traded fund’s stock valued at $412,000 after acquiring an additional 228 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

Invesco BuyBack Achievers ETF stock traded down $0.32 during mid-day trading on Tuesday, hitting $112.35. 49,501 shares of the company were exchanged, compared to its average volume of 19,019. Invesco BuyBack Achievers ETF has a 12-month low of $101.26 and a 12-month high of $125.31. The company has a market capitalization of $1.19 billion, a P/E ratio of 14.74 and a beta of 1.09. The business’s 50 day simple moving average is $116.58 and its two-hundred day simple moving average is $117.10.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.3078 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco BuyBack Achievers ETF’s previous dividend of $0.22.

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.