Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Stock Short Interest Declines 55.4%

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,815 shares, a drop of 55.4% from the September 30th total of 13,024 shares. Based on an average daily volume of 25,592 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco International BuyBack Achievers ETF Trading Down 0.4%

Shares of NASDAQ:IPKW traded down $0.27 during trading on Friday, hitting $59.86. 15,538 shares of the stock were exchanged, compared to its average volume of 55,362. The company has a fifty day moving average price of $60.17 and a two-hundred day moving average price of $58.70. The company has a market cap of $553.71 million, a PE ratio of 10.59 and a beta of 0.64. Invesco International BuyBack Achievers ETF has a 12-month low of $51.35 and a 12-month high of $62.17.

Invesco International BuyBack Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2494 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. This is a drop from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in Invesco International BuyBack Achievers ETF during the 1st quarter valued at $35,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of Invesco International BuyBack Achievers ETF in the third quarter valued at $201,000. McKinley Carter Wealth Services Inc. purchased a new stake in shares of Invesco International BuyBack Achievers ETF in the third quarter valued at $227,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco International BuyBack Achievers ETF in the second quarter valued at $221,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Invesco International BuyBack Achievers ETF during the first quarter valued at $264,000.

Invesco International BuyBack Achievers ETF Company Profile

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.