Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Large Growth in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 19,993 shares, an increase of 92.9% from the August 31st total of 10,362 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 40,210 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Invesco International BuyBack Achievers ETF by 18.4% in the 1st quarter. Bank of America Corp DE now owns 695,777 shares of the company’s stock worth $39,146,000 after buying an additional 108,140 shares in the last quarter. Kellett Wealth Advisors LLC boosted its position in Invesco International BuyBack Achievers ETF by 33.6% during the 1st quarter. Kellett Wealth Advisors LLC now owns 328,741 shares of the company’s stock worth $18,496,000 after acquiring an additional 82,639 shares during the period. Arkadios Wealth Advisors boosted its position in Invesco International BuyBack Achievers ETF by 7.6% during the 1st quarter. Arkadios Wealth Advisors now owns 171,141 shares of the company’s stock worth $9,629,000 after acquiring an additional 12,108 shares during the period. Brookstone Capital Management grew its stake in shares of Invesco International BuyBack Achievers ETF by 8.2% in the first quarter. Brookstone Capital Management now owns 154,161 shares of the company’s stock worth $8,673,000 after purchasing an additional 11,707 shares in the last quarter. Finally, Breakwater Capital Group grew its stake in shares of Invesco International BuyBack Achievers ETF by 5.4% in the second quarter. Breakwater Capital Group now owns 148,995 shares of the company’s stock worth $8,393,000 after purchasing an additional 7,586 shares in the last quarter.

Invesco International BuyBack Achievers ETF Stock Up 0.0%

NASDAQ IPKW traded up $0.01 during trading hours on Wednesday, hitting $59.31. The company had a trading volume of 72,211 shares, compared to its average volume of 56,835. Invesco International BuyBack Achievers ETF has a fifty-two week low of $50.96 and a fifty-two week high of $62.17. The firm has a market cap of $545.65 million, a P/E ratio of 10.59 and a beta of 0.63. The business has a fifty day simple moving average of $60.76 and a 200-day simple moving average of $58.72.

Invesco International BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2494 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.00 annualized dividend and a yield of 1.7%. This is a drop from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503.

Invesco International BuyBack Achievers ETF Company Profile

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.