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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 23,243 shares, a growth of 89.0% from the February 26th total of 12,299 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 23,602 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Invesco BuyBack Achievers ETF by 32.7% during the second quarter. Creative Planning now owns 14,464 shares of the exchange traded fund’s stock worth $1,788,000 after purchasing an additional 3,561 shares in the last quarter. Osaic Holdings Inc. raised its stake in Invesco BuyBack Achievers ETF by 23.9% in the second quarter. Osaic Holdings Inc. now owns 45,702 shares of the exchange traded fund’s stock valued at $5,651,000 after buying an additional 8,830 shares in the last quarter. TBH Global Asset Management LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter worth about $881,000. Steward Partners Investment Advisory LLC lifted its holdings in Invesco BuyBack Achievers ETF by 16.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 21,148 shares of the exchange traded fund’s stock worth $2,614,000 after buying an additional 3,022 shares during the last quarter. Finally, Elevation Capital Advisory LLC boosted its position in shares of Invesco BuyBack Achievers ETF by 337.5% during the 3rd quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock worth $8,133,000 after acquiring an additional 47,355 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW traded down $2.25 during midday trading on Friday, hitting $128.86. The company had a trading volume of 66,584 shares, compared to its average volume of 33,274. Invesco BuyBack Achievers ETF has a 1 year low of $96.10 and a 1 year high of $140.10. The firm has a market capitalization of $2.00 billion, a P/E ratio of 15.13 and a beta of 1.05. The company’s 50-day simple moving average is $135.62 and its 200-day simple moving average is $133.70.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.2167 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 0.7%.

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.