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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 16,200 shares, an increase of 1,250.0% from the July 15th total of 1,200 shares. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new position in Invesco BuyBack Achievers ETF during the first quarter worth $32,000. Larson Financial Group LLC purchased a new position in Invesco BuyBack Achievers ETF in the second quarter worth $31,000. Advisory Services Network LLC acquired a new stake in Invesco BuyBack Achievers ETF in the fourth quarter valued at $169,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Invesco BuyBack Achievers ETF in the first quarter valued at $203,000.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ PKW traded up $0.29 during trading on Wednesday, reaching $106.58. 3,482 shares of the company’s stock were exchanged, compared to its average volume of 18,631. Invesco BuyBack Achievers ETF has a 1 year low of $84.19 and a 1 year high of $110.84. The stock has a market cap of $1.12 billion, a P/E ratio of 12.93 and a beta of 1.09. The company has a 50 day moving average price of $104.99 and a two-hundred day moving average price of $104.06.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.2245 per share. The ex-dividend date was Monday, June 24th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.84%.

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.