Invesco BuyBack Achievers ETF (NASDAQ:PKW) Stock Short Interest Declines 90.0%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,213 shares, a drop of 90.0% from the September 30th total of 12,177 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 24,212 shares, the days-to-cover ratio is currently 0.1 days.

Invesco BuyBack Achievers ETF Stock Up 0.2%

PKW stock traded up $0.31 during mid-day trading on Monday, reaching $150.50. 31,494 shares of the stock traded hands, compared to its average volume of 29,764. Invesco BuyBack Achievers ETF has a 52 week low of $125.47 and a 52 week high of $154.72. The business has a 50-day moving average of $149.02 and a two-hundred day moving average of $141.18. The firm has a market capitalization of $1.74 billion, a PE ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP raised its position in shares of Invesco BuyBack Achievers ETF by 1.9% during the first quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock valued at $879,000 after buying an additional 123 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new stake in Invesco BuyBack Achievers ETF during the third quarter worth about $37,000. International Assets Investment Management LLC increased its stake in Invesco BuyBack Achievers ETF by 44.8% during the first quarter. International Assets Investment Management LLC now owns 940 shares of the exchange traded fund’s stock valued at $124,000 after acquiring an additional 291 shares during the period. Prime Capital Investment Advisors LLC increased its stake in Invesco BuyBack Achievers ETF by 0.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 47,986 shares of the exchange traded fund’s stock valued at $6,866,000 after acquiring an additional 298 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in Invesco BuyBack Achievers ETF by 3.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 10,510 shares of the exchange traded fund’s stock valued at $1,545,000 after acquiring an additional 377 shares during the period.

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.