Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Stock Short Interest Declines 55.4%

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 5,815 shares, a decline of 55.4% from the September 30th total of 13,024 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 25,592 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco International BuyBack Achievers ETF

Hedge funds have recently added to or reduced their stakes in the business. IRON Financial LLC acquired a new stake in Invesco International BuyBack Achievers ETF during the 3rd quarter worth approximately $328,000. Valley National Advisers Inc. purchased a new position in Invesco International BuyBack Achievers ETF in the third quarter valued at approximately $304,000. Brookstone Capital Management purchased a new position in Invesco International BuyBack Achievers ETF in the third quarter valued at approximately $10,298,000. Wagner Wealth Management Corp lifted its position in Invesco International BuyBack Achievers ETF by 12.0% during the third quarter. Wagner Wealth Management Corp now owns 50,457 shares of the company’s stock valued at $2,993,000 after buying an additional 5,399 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. acquired a new position in Invesco International BuyBack Achievers ETF during the third quarter valued at approximately $227,000.

Invesco International BuyBack Achievers ETF Price Performance

IPKW stock traded down $0.27 during midday trading on Friday, hitting $59.86. The stock had a trading volume of 15,538 shares, compared to its average volume of 55,362. The firm has a market cap of $553.71 million, a PE ratio of 10.59 and a beta of 0.64. Invesco International BuyBack Achievers ETF has a 12-month low of $51.35 and a 12-month high of $62.17. The company’s 50-day moving average price is $60.17 and its 200 day moving average price is $58.70.

Invesco International BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.2494 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. This is a drop from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503. The ex-dividend date was Monday, September 21st.

About Invesco International BuyBack Achievers ETF

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.