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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,400 shares, an increase of 47.4% from the February 28th total of 5,700 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco BuyBack Achievers ETF by 3.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 43,546 shares of the exchange traded fund’s stock valued at $5,013,000 after acquiring an additional 1,447 shares during the period. Campbell Deegan Wealth Management LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 4th quarter valued at about $500,000. Novem Group acquired a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at about $213,000. Waverly Advisors LLC raised its stake in shares of Invesco BuyBack Achievers ETF by 197.2% in the fourth quarter. Waverly Advisors LLC now owns 41,596 shares of the exchange traded fund’s stock worth $4,789,000 after purchasing an additional 27,600 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Invesco BuyBack Achievers ETF by 12.2% during the fourth quarter. Quantinno Capital Management LP now owns 3,431 shares of the exchange traded fund’s stock worth $395,000 after purchasing an additional 373 shares during the period.

Invesco BuyBack Achievers ETF Trading Down 2.0 %

Shares of PKW stock traded down $2.30 during trading hours on Friday, reaching $111.97. 19,576 shares of the company’s stock were exchanged, compared to its average volume of 18,788. Invesco BuyBack Achievers ETF has a 1 year low of $101.26 and a 1 year high of $125.31. The stock has a market cap of $1.19 billion, a PE ratio of 14.74 and a beta of 1.09. The stock’s fifty day moving average price is $116.71 and its two-hundred day moving average price is $117.01.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.3078 per share. This is a positive change from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Monday, March 24th.

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.