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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 245,713 shares, an increase of 20,156.6% from the October 15th total of 1,213 shares. Based on an average trading volume of 19,070 shares, the days-to-cover ratio is presently 12.9 days. Currently, 2.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKW. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth about $37,000. Axiom Investment Management LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the first quarter valued at approximately $52,000. Harbour Investments Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF during the third quarter valued at approximately $65,000. Marquette Asset Management LLC acquired a new stake in Invesco BuyBack Achievers ETF during the third quarter worth approximately $72,000. Finally, Cardiff Park Advisors LLC acquired a new stake in Invesco BuyBack Achievers ETF during the first quarter worth approximately $79,000.

Invesco BuyBack Achievers ETF Stock Up 0.1%

Shares of NASDAQ:PKW opened at $150.20 on Wednesday. Invesco BuyBack Achievers ETF has a 52-week low of $125.47 and a 52-week high of $154.72. The stock’s fifty day simple moving average is $148.77 and its 200-day simple moving average is $141.90. The company has a market capitalization of $1.74 billion, a P/E ratio of 13.43 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.2183 per share. The ex-dividend date was Monday, September 21st. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%. This is a drop from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575.

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.