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

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 9,000 shares, a decline of 75.0% from the December 15th total of 36,000 shares. Based on an average daily trading volume, of 21,500 shares, the days-to-cover ratio is currently 0.4 days.

Invesco International BuyBack Achievers ETF Stock Performance

Shares of IPKW stock remained flat at $39.44 during mid-day trading on Monday. 3,615 shares of the stock were exchanged, compared to its average volume of 10,445. The firm’s fifty day moving average is $40.62 and its 200-day moving average is $41.20. The company has a market capitalization of $80.85 million, a P/E ratio of 10.12 and a beta of 0.93. Invesco International BuyBack Achievers ETF has a 52 week low of $35.69 and a 52 week high of $43.17.

Invesco International BuyBack Achievers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.5183 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. acquired a new position in shares of Invesco International BuyBack Achievers ETF in the 2nd quarter worth approximately $12,008,000. Brookstone Capital Management grew its position in Invesco International BuyBack Achievers ETF by 3.2% in the fourth quarter. Brookstone Capital Management now owns 109,365 shares of the company’s stock valued at $4,343,000 after acquiring an additional 3,366 shares during the period. Park Edge Advisors LLC raised its stake in Invesco International BuyBack Achievers ETF by 88.9% during the third quarter. Park Edge Advisors LLC now owns 80,925 shares of the company’s stock worth $3,466,000 after acquiring an additional 38,086 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Invesco International BuyBack Achievers ETF during the second quarter valued at $2,350,000. Finally, Stratos Wealth Advisors LLC boosted its stake in shares of Invesco International BuyBack Achievers ETF by 16.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 36,508 shares of the company’s stock valued at $1,564,000 after purchasing an additional 5,171 shares in the last quarter.

About Invesco International BuyBack Achievers ETF

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.