Invesco BuyBack Achievers ETF (NASDAQ:PKW) Stock Short Interest Rises 86.0%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 18,129 shares, a growth of 86.0% from the August 31st total of 9,748 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 31,326 shares, the short-interest ratio is currently 0.6 days.

Invesco BuyBack Achievers ETF Trading Down 0.2%

Invesco BuyBack Achievers ETF stock traded down $0.35 during mid-day trading on Tuesday, hitting $143.72. 42,316 shares of the company’s stock were exchanged, compared to its average volume of 30,371. Invesco BuyBack Achievers ETF has a 1-year low of $125.47 and a 1-year high of $154.72. The stock has a 50 day moving average of $149.34 and a two-hundred day moving average of $141.48. The stock has a market cap of $1.68 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a dividend of $0.2183 per share. This is a drop from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575. The ex-dividend date was Monday, September 21st. This represents a $0.87 annualized dividend and a dividend yield of 0.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. bought a new stake in Invesco BuyBack Achievers ETF during the second quarter worth approximately $2,311,000. Envestnet Asset Management Inc. raised its position in shares of Invesco BuyBack Achievers ETF by 173.4% in the second quarter. Envestnet Asset Management Inc. now owns 192,831 shares of the exchange traded fund’s stock valued at $27,316,000 after purchasing an additional 122,311 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Invesco BuyBack Achievers ETF by 50.9% in the second quarter. Integrated Wealth Concepts LLC now owns 12,773 shares of the exchange traded fund’s stock valued at $1,809,000 after purchasing an additional 4,306 shares during the period. NewEdge Advisors LLC raised its position in shares of Invesco BuyBack Achievers ETF by 63.9% in the second quarter. NewEdge Advisors LLC now owns 21,838 shares of the exchange traded fund’s stock valued at $3,090,000 after purchasing an additional 8,517 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Invesco BuyBack Achievers ETF by 23.8% in the second quarter. Allworth Financial LP now owns 3,220 shares of the exchange traded fund’s stock worth $456,000 after buying an additional 619 shares during the last quarter.

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.