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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 9,000 shares, a decline of 70.2% from the January 31st total of 30,200 shares. Based on an average trading volume of 25,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Invesco BuyBack Achievers ETF by 0.3% during the fourth quarter. JPMorgan Chase & Co. now owns 31,868 shares of the exchange traded fund’s stock worth $3,669,000 after buying an additional 87 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Invesco BuyBack Achievers ETF by 1.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after acquiring an additional 136 shares during the period. Principal Securities Inc. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 4.6% during the fourth quarter. Principal Securities Inc. now owns 4,292 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 189 shares during the period. Blair William & Co. IL boosted its holdings in shares of Invesco BuyBack Achievers ETF by 32.9% during the fourth quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock worth $101,000 after acquiring an additional 217 shares during the period. Finally, Ergawealth Advisors Inc. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 6.8% during the fourth quarter. Ergawealth Advisors Inc. now owns 3,576 shares of the exchange traded fund’s stock worth $412,000 after acquiring an additional 228 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

Shares of PKW traded up $1.53 during midday trading on Friday, hitting $117.67. The stock had a trading volume of 8,289 shares, compared to its average volume of 27,228. The company has a 50 day simple moving average of $117.79 and a two-hundred day simple moving average of $116.49. Invesco BuyBack Achievers ETF has a twelve month low of $101.26 and a twelve month high of $125.31. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 17.93 and a beta of 1.08.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.2197 dividend. The ex-dividend date was Monday, December 23rd.

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.