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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 20,200 shares, a growth of 56.6% from the October 31st total of 12,900 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 1.2 days.

Invesco BuyBack Achievers ETF Trading Up 0.5 %

Shares of PKW traded up $0.60 during mid-day trading on Friday, reaching $125.22. 3,482 shares of the stock traded hands, compared to its average volume of 17,859. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 1 year low of $91.43 and a 1 year high of $125.31. The firm has a fifty day moving average price of $117.41 and a 200 day moving average price of $110.13.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.23 dividend. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of hedge funds have recently made changes to their positions in PKW. Pacific Wealth Strategies Group Inc. increased its holdings in shares of Invesco BuyBack Achievers ETF by 8.6% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 114,159 shares of the exchange traded fund’s stock worth $13,073,000 after buying an additional 9,046 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in Invesco BuyBack Achievers ETF by 27.4% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 100,315 shares of the exchange traded fund’s stock worth $10,957,000 after purchasing an additional 21,547 shares during the period. Raymond James & Associates lifted its position in Invesco BuyBack Achievers ETF by 37.6% in the second quarter. Raymond James & Associates now owns 78,539 shares of the exchange traded fund’s stock valued at $8,160,000 after purchasing an additional 21,481 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Invesco BuyBack Achievers ETF by 10.4% during the third quarter. Koshinski Asset Management Inc. now owns 59,934 shares of the exchange traded fund’s stock valued at $6,864,000 after purchasing an additional 5,646 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Invesco BuyBack Achievers ETF by 1.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,822 shares of the exchange traded fund’s stock worth $4,449,000 after purchasing an additional 732 shares during the last quarter.

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.