Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Expands By 92.5%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 12,900 shares, a growth of 92.5% from the October 15th total of 6,700 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 0.9 days.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ:PKW traded up $0.01 during mid-day trading on Wednesday, reaching $121.77. The stock had a trading volume of 12,566 shares, compared to its average volume of 17,644. The stock has a market capitalization of $1.29 billion, a P/E ratio of 12.93 and a beta of 1.09. The firm has a 50 day moving average price of $114.41 and a two-hundred day moving average price of $108.62. Invesco BuyBack Achievers ETF has a one year low of $90.17 and a one year high of $122.83.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its holdings in Invesco BuyBack Achievers ETF by 2.3% in the third quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock worth $4,614,000 after buying an additional 903 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Invesco BuyBack Achievers ETF by 14.3% in the 3rd quarter. D.A. Davidson & CO. now owns 4,426 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 555 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in Invesco BuyBack Achievers ETF during the 3rd quarter valued at about $90,000. Tyler Stone Wealth Management boosted its holdings in Invesco BuyBack Achievers ETF by 100.2% in the third quarter. Tyler Stone Wealth Management now owns 2,705 shares of the exchange traded fund’s stock worth $310,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in Invesco BuyBack Achievers ETF by 27.4% in the third quarter. Legacy Capital Wealth Partners LLC now owns 100,315 shares of the exchange traded fund’s stock valued at $10,957,000 after acquiring an additional 21,547 shares during the period.

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.