Short Interest in Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Drops By 97.8%

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,284 shares, a decline of 97.8% from the July 30th total of 466,615 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 69,915 shares, the days-to-cover ratio is currently 0.1 days.

Invesco International BuyBack Achievers ETF Stock Performance

Invesco International BuyBack Achievers ETF stock traded down $0.21 during trading hours on Wednesday, reaching $60.88. 14,628 shares of the stock were exchanged, compared to its average volume of 58,224. The stock has a market cap of $554.01 million, a P/E ratio of 10.59 and a beta of 0.63. The firm’s 50 day moving average is $59.12 and its 200 day moving average is $58.32. Invesco International BuyBack Achievers ETF has a 52-week low of $50.96 and a 52-week high of $61.96.

Invesco International BuyBack Achievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.4504 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its position in shares of Invesco International BuyBack Achievers ETF by 93.4% during the 2nd quarter. Raymond James Financial Inc. now owns 418,548 shares of the company’s stock valued at $20,362,000 after acquiring an additional 202,083 shares during the period. Bank of America Corp DE increased its stake in Invesco International BuyBack Achievers ETF by 113.0% in the 2nd quarter. Bank of America Corp DE now owns 366,366 shares of the company’s stock valued at $17,824,000 after purchasing an additional 194,381 shares in the last quarter. LPL Financial LLC increased its stake in Invesco International BuyBack Achievers ETF by 27.3% in the 4th quarter. LPL Financial LLC now owns 551,633 shares of the company’s stock valued at $30,656,000 after purchasing an additional 118,436 shares in the last quarter. Horizon Wealth Management LLC acquired a new position in Invesco International BuyBack Achievers ETF during the fourth quarter worth $4,645,000. Finally, Kellett Wealth Advisors LLC raised its holdings in Invesco International BuyBack Achievers ETF by 33.6% during the first quarter. Kellett Wealth Advisors LLC now owns 328,741 shares of the company’s stock worth $18,496,000 after purchasing an additional 82,639 shares during the last quarter.

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.