Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Update

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 47,654 shares, an increase of 387.6% from the December 31st total of 9,773 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 53,825 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 53,825 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

A number of institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC boosted its stake in shares of Invesco BuyBack Achievers ETF by 1.2% during the 4th quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock worth $1,245,000 after acquiring an additional 109 shares during the period. Private Trust Co. NA boosted its position in Invesco BuyBack Achievers ETF by 143.1% during the fourth quarter. Private Trust Co. NA now owns 851 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 501 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Invesco BuyBack Achievers ETF by 2.6% in the fourth quarter. Farther Finance Advisors LLC now owns 7,750 shares of the exchange traded fund’s stock valued at $1,041,000 after purchasing an additional 198 shares during the last quarter. Curtis Advisory Group LLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 4.8% during the 4th quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock worth $10,990,000 after buying an additional 3,760 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its holdings in shares of Invesco BuyBack Achievers ETF by 4.2% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 46,947 shares of the exchange traded fund’s stock worth $6,306,000 after buying an additional 1,882 shares during the period.

Invesco BuyBack Achievers ETF Trading Up 0.2%

Shares of PKW opened at $136.46 on Wednesday. The company’s fifty day simple moving average is $134.73 and its 200 day simple moving average is $131.45. Invesco BuyBack Achievers ETF has a 1-year low of $96.10 and a 1-year high of $138.50. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.2739 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, December 22nd.

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.