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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,213 shares, a decrease of 90.0% from the September 30th total of 12,177 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 24,212 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Trust Services Inc. bought a new stake in Invesco BuyBack Achievers ETF during the third quarter worth approximately $37,000. Axiom Investment Management LLC acquired a new position in Invesco BuyBack Achievers ETF during the first quarter valued at approximately $52,000. Marquette Asset Management LLC acquired a new position in Invesco BuyBack Achievers ETF during the third quarter valued at approximately $72,000. Cardiff Park Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $79,000. Finally, Main Street Group LTD bought a new position in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $79,000.

Invesco BuyBack Achievers ETF Trading Up 0.2%

Invesco BuyBack Achievers ETF stock traded up $0.31 during mid-day trading on Monday, hitting $150.50. 31,494 shares of the company’s stock were exchanged, compared to its average volume of 29,764. 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 $149.02 and a two-hundred day moving average of $141.18. The stock has a market cap of $1.74 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%.

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.