Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Up 89.0% in March

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 23,243 shares, a growth of 89.0% from the February 26th total of 12,299 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 23,602 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at about $28,000. Chesapeake Asset Management LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at $34,000. CX Institutional bought a new stake in Invesco BuyBack Achievers ETF in the third quarter worth $71,000. Cardiff Park Advisors LLC acquired a new position in Invesco BuyBack Achievers ETF during the third quarter worth $79,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth about $87,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of NASDAQ:PKW traded down $0.81 during trading hours on Friday, hitting $130.30. The stock had a trading volume of 32,137 shares, compared to its average volume of 32,684. The stock’s fifty day simple moving average is $135.79 and its 200 day simple moving average is $133.71. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a 1-year low of $96.10 and a 1-year high of $140.10.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.2167 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.87 annualized dividend and a yield of 0.7%.

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.