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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 33,001 shares, a decrease of 30.7% from the January 15th total of 47,654 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 40,308 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 40,308 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ PKW traded up $1.08 during trading on Friday, hitting $137.88. 41,144 shares of the company’s stock traded hands, compared to its average volume of 41,445. The business has a 50 day moving average of $136.42 and a 200-day moving average of $132.45. Invesco BuyBack Achievers ETF has a 12-month low of $96.10 and a 12-month high of $140.10. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given 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%.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of institutional investors have recently added to or reduced their stakes in PKW. Bank of America Corp DE increased its holdings in shares of Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after buying an additional 43,912 shares during the last quarter. LPL Financial LLC grew its position in Invesco BuyBack Achievers ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after acquiring an additional 40,121 shares in the last quarter. Wells Fargo & Company MN increased its stake in Invesco BuyBack Achievers ETF by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock valued at $50,023,000 after acquiring an additional 37,513 shares during the last quarter. UBS Group AG raised its position in Invesco BuyBack Achievers ETF by 11.4% during the third quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock valued at $18,202,000 after purchasing an additional 14,043 shares in the last quarter. Finally, Curtis Advisory Group LLC raised its position in Invesco BuyBack Achievers ETF by 4.8% during the fourth quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock valued at $10,990,000 after purchasing an additional 3,760 shares in 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.