Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Significant Decrease in Short Interest

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 14,200 shares, a decline of 29.7% from the November 15th total of 20,200 shares. Based on an average daily volume of 17,700 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new stake in Invesco BuyBack Achievers ETF in the second quarter valued at about $31,000. Mendota Financial Group LLC bought a new stake in Invesco BuyBack Achievers ETF in the third quarter valued at about $59,000. Valley Wealth Managers Inc. bought a new stake in Invesco BuyBack Achievers ETF in the third quarter valued at about $90,000. Dunhill Financial LLC bought a new stake in Invesco BuyBack Achievers ETF in the third quarter valued at about $115,000. Finally, Lion Street Advisors LLC bought a new stake in Invesco BuyBack Achievers ETF in the third quarter valued at about $202,000.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ PKW traded down $0.52 on Friday, hitting $119.75. 62,361 shares of the stock were exchanged, compared to its average volume of 18,212. The company’s 50-day moving average price is $119.30 and its two-hundred day moving average price is $111.49. Invesco BuyBack Achievers ETF has a 52-week low of $96.67 and a 52-week high of $125.31. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.23 per share. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 23rd. This represents a $0.92 annualized dividend and a dividend yield of 0.77%.

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.