Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Down 63.6% in April

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 11,514 shares, a decrease of 63.6% from the April 15th total of 31,604 shares. Based on an average trading volume of 27,358 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PKW. Triton Wealth Management PLLC grew its position in shares of Invesco BuyBack Achievers ETF by 565.5% during the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock valued at $9,585,000 after acquiring an additional 60,275 shares during the period. Elevation Capital Advisory LLC boosted its holdings in Invesco BuyBack Achievers ETF by 337.5% in the 3rd quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock worth $8,133,000 after buying an additional 47,355 shares during the period. Bank of America Corp DE boosted its holdings in Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after buying an additional 43,912 shares during the period. LPL Financial LLC boosted its holdings in Invesco BuyBack Achievers ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after buying an additional 40,121 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Invesco BuyBack Achievers ETF by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock worth $50,023,000 after buying an additional 37,513 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

Shares of Invesco BuyBack Achievers ETF stock traded up $0.82 on Thursday, reaching $135.20. 95,436 shares of the company traded hands, compared to its average volume of 31,655. Invesco BuyBack Achievers ETF has a 52 week low of $115.56 and a 52 week high of $141.39. The company has a 50 day moving average of $134.81 and a 200 day moving average of $134.70. The firm has a market capitalization of $1.61 billion, a PE ratio of 15.13 and a beta of 0.95.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.2167 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd.

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.