Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Significant Drop in Short Interest

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 9,103 shares, a decline of 71.8% from the May 14th total of 32,226 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,831 shares, the days-to-cover ratio is presently 0.3 days.

Invesco BuyBack Achievers ETF Stock Performance

PKW traded up $1.79 on Thursday, reaching $139.09. The company had a trading volume of 19,209 shares, compared to its average volume of 30,442. Invesco BuyBack Achievers ETF has a 52-week low of $118.46 and a 52-week high of $141.39. The business has a 50 day simple moving average of $136.54 and a 200 day simple moving average of $135.67. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 15.13 and a beta of 0.93.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.2167 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.87 annualized dividend and a yield of 0.6%.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its position in Invesco BuyBack Achievers ETF by 9.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock worth $467,000 after buying an additional 342 shares during the last quarter. Jane Street Group LLC purchased a new stake in Invesco BuyBack Achievers ETF during the first quarter valued at about $417,000. JPMorgan Chase & Co. increased its stake in Invesco BuyBack Achievers ETF by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock worth $3,991,000 after purchasing an additional 391 shares during the period. NewEdge Advisors LLC increased its stake in shares of Invesco BuyBack Achievers ETF by 16.4% in the second quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock worth $3,475,000 after buying an additional 3,951 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Invesco BuyBack Achievers ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock worth $96,517,000 after buying an additional 16,109 shares during the period.

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.