Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Large Increase in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 19,993 shares, an increase of 92.9% from the August 31st total of 10,362 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 40,210 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

Several hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of Invesco International BuyBack Achievers ETF by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 26,965 shares of the company’s stock valued at $1,519,000 after purchasing an additional 1,476 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF in the second quarter worth $221,000. Citadel Advisors LLC lifted its position in shares of Invesco International BuyBack Achievers ETF by 42.6% in the second quarter. Citadel Advisors LLC now owns 53,158 shares of the company’s stock worth $2,994,000 after purchasing an additional 15,875 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Invesco International BuyBack Achievers ETF by 3.4% during the second quarter. Insight Wealth Strategies LLC now owns 6,452 shares of the company’s stock worth $364,000 after purchasing an additional 215 shares during the last quarter. Finally, Breakwater Capital Group boosted its holdings in Invesco International BuyBack Achievers ETF by 5.4% during the second quarter. Breakwater Capital Group now owns 148,995 shares of the company’s stock worth $8,393,000 after purchasing an additional 7,586 shares during the last quarter.

Invesco International BuyBack Achievers ETF Stock Performance

NASDAQ:IPKW opened at $60.14 on Tuesday. The company has a market cap of $553.29 million, a PE ratio of 10.59 and a beta of 0.63. Invesco International BuyBack Achievers ETF has a 52-week low of $50.96 and a 52-week high of $62.17. The stock has a 50-day simple moving average of $60.75 and a 200 day simple moving average of $58.68.

Invesco International BuyBack Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.2494 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503.

Invesco International BuyBack Achievers ETF Company Profile

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.