Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Down 63.6% in April

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 11,514 shares, a decline of 63.6% from the April 15th total of 31,604 shares. Based on an average trading volume of 27,358 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

A number of large investors have recently modified their holdings of PKW. Garton & Associates Financial Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $28,000. Chesapeake Asset Management LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $34,000. Main Street Group LTD bought a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at about $79,000. Cardiff Park Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter valued at about $79,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $87,000.

Invesco BuyBack Achievers ETF Stock Up 0.6%

Shares of PKW traded up $0.82 during trading hours on Thursday, reaching $135.20. 95,436 shares of the company traded hands, compared to its average volume of 31,655. The company’s fifty day moving average price is $134.81 and its two-hundred day moving average price is $134.70. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.13 and a beta of 0.95. Invesco BuyBack Achievers ETF has a 12 month low of $115.56 and a 12 month high of $141.39.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.2167 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.6%.

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.