Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Significant Increase in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 78,800 shares, a growth of 248.7% from the October 15th total of 22,600 shares. Based on an average daily volume of 14,000 shares, the short-interest ratio is presently 5.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IPKW. Financial Enhancement Group LLC lifted its position in shares of Invesco International BuyBack Achievers ETF by 4.0% during the second quarter. Financial Enhancement Group LLC now owns 64,831 shares of the company’s stock worth $2,596,000 after purchasing an additional 2,511 shares during the last quarter. Brookstone Capital Management raised its position in Invesco International BuyBack Achievers ETF by 3.6% in the third quarter. Brookstone Capital Management now owns 105,999 shares of the company’s stock worth $4,540,000 after acquiring an additional 3,639 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Invesco International BuyBack Achievers ETF by 16.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 36,508 shares of the company’s stock valued at $1,564,000 after acquiring an additional 5,171 shares during the last quarter. Park Edge Advisors LLC boosted its position in shares of Invesco International BuyBack Achievers ETF by 16.1% during the 2nd quarter. Park Edge Advisors LLC now owns 42,839 shares of the company’s stock valued at $1,713,000 after purchasing an additional 5,942 shares in the last quarter. Finally, Essex Financial Services Inc. acquired a new position in shares of Invesco International BuyBack Achievers ETF in the 2nd quarter worth approximately $332,000.

Invesco International BuyBack Achievers ETF Stock Performance

IPKW traded down $0.81 on Tuesday, reaching $40.76. 50,884 shares of the company’s stock were exchanged, compared to its average volume of 16,681. Invesco International BuyBack Achievers ETF has a twelve month low of $34.16 and a twelve month high of $43.17. The company’s 50 day moving average is $42.03 and its 200-day moving average is $41.22. The company has a market cap of $91.70 million, a price-to-earnings ratio of 10.12 and a beta of 0.93.

Invesco International BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.363 dividend. This represents a $1.45 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco International BuyBack Achievers ETF

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.