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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 17,362 shares, a decline of 47.4% from the January 29th total of 33,001 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 29,002 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 29,002 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Large investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the fourth quarter valued at about $28,000. Chesapeake Asset Management LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at approximately $34,000. Assetmark Inc. raised its position in shares of Invesco BuyBack Achievers ETF by 72.4% in the second quarter. Assetmark Inc. now owns 488 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 205 shares during the period. CX Institutional purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter valued at approximately $71,000. Finally, Cardiff Park Advisors LLC bought a new position in Invesco BuyBack Achievers ETF in the 3rd quarter worth approximately $79,000.

Invesco BuyBack Achievers ETF Trading Down 0.9%

Shares of PKW stock traded down $1.30 during trading hours on Friday, hitting $137.79. 22,014 shares of the company were exchanged, compared to its average volume of 37,377. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. The firm has a fifty day simple moving average of $137.12 and a 200 day simple moving average of $133.39. Invesco BuyBack Achievers ETF has a 52-week low of $96.10 and a 52-week high of $140.10.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2739 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.10 annualized dividend and a dividend yield of 0.8%.

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.