Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Update

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 32,226 shares, an increase of 179.9% from the April 30th total of 11,514 shares. Based on an average daily trading volume, of 31,051 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Modern Wealth Management LLC grew its holdings in Invesco BuyBack Achievers ETF by 2.3% in the 3rd quarter. Modern Wealth Management LLC now owns 3,566 shares of the exchange traded fund’s stock valued at $472,000 after buying an additional 79 shares in the last quarter. Essex Financial Services Inc. grew its holdings in Invesco BuyBack Achievers ETF by 0.5% in the 3rd quarter. Essex Financial Services Inc. now owns 16,604 shares of the exchange traded fund’s stock valued at $2,200,000 after buying an additional 84 shares in the last quarter. Allworth Financial LP lifted its position in shares of Invesco BuyBack Achievers ETF by 3.6% during the 3rd quarter. Allworth Financial LP now owns 2,532 shares of the exchange traded fund’s stock valued at $335,000 after acquiring an additional 88 shares during the period. Belpointe Asset Management LLC lifted its position in shares of Invesco BuyBack Achievers ETF by 1.2% during the 4th quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock valued at $1,245,000 after acquiring an additional 109 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Invesco BuyBack Achievers ETF by 1.9% during the 1st quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock valued at $879,000 after acquiring an additional 123 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

Shares of NASDAQ PKW opened at $136.70 on Monday. The stock’s fifty day moving average price is $135.35 and its two-hundred day moving average price is $135.14. Invesco BuyBack Achievers ETF has a one year low of $116.97 and a one year high of $141.39. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 15.13 and a beta of 0.95.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.2167 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd.

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.