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

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

Invesco BuyBack Achievers ETF Trading Down 0.4 %

Shares of PKW stock traded down $0.52 during trading hours on Friday, reaching $119.75. The stock had a trading volume of 62,361 shares, compared to its average volume of 18,212. The stock’s fifty day simple moving average is $119.30 and its 200 day simple moving average is $111.49. Invesco BuyBack Achievers ETF has a 12 month low of $96.67 and a 12 month high of $125.31. The firm has a market capitalization of $1.27 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PKW. Larson Financial Group LLC purchased a new position in Invesco BuyBack Achievers ETF during the 2nd quarter valued at $31,000. Mendota Financial Group LLC purchased a new position in Invesco BuyBack Achievers ETF during the 3rd quarter valued at $59,000. Valley Wealth Managers Inc. purchased a new position in Invesco BuyBack Achievers ETF during the 3rd quarter valued at $90,000. Dunhill Financial LLC purchased a new position in Invesco BuyBack Achievers ETF during the 3rd quarter valued at $115,000. Finally, Lion Street Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF during the 3rd quarter valued at $202,000.

Invesco BuyBack Achievers ETF Company Profile

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.