Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Expands By 144.9%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 16,741 shares, an increase of 144.9% from the June 30th total of 6,837 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 17,543 shares, the days-to-cover ratio is presently 1.0 days.

Invesco BuyBack Achievers ETF Stock Down 0.8%

Shares of PKW stock opened at $146.98 on Thursday. The stock has a market cap of $1.72 billion, a P/E ratio of 15.13 and a beta of 0.92. Invesco BuyBack Achievers ETF has a fifty-two week low of $122.96 and a fifty-two week high of $148.46. The business has a fifty day simple moving average of $140.78 and a 200-day simple moving average of $137.62.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PKW. Bank of America Corp DE grew its holdings in Invesco BuyBack Achievers ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after buying an additional 43,912 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Invesco BuyBack Achievers ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after acquiring an additional 40,121 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Invesco BuyBack Achievers ETF by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock worth $50,023,000 after acquiring an additional 37,513 shares during the last quarter. UBS Group AG lifted its position in shares of Invesco BuyBack Achievers ETF by 11.4% in the third quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock valued at $18,202,000 after acquiring an additional 14,043 shares in the last quarter. Finally, Curtis Advisory Group LLC lifted its position in shares of Invesco BuyBack Achievers ETF by 4.8% in the fourth quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock valued at $10,990,000 after acquiring an additional 3,760 shares in the last quarter.

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.