Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Update

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 9,773 shares, a drop of 66.1% from the December 15th total of 28,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 26,338 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 26,338 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of 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 valued at $109,269,000 after purchasing an additional 43,912 shares in the last quarter. UBS Group AG increased its stake in 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 purchasing an additional 14,043 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Invesco BuyBack Achievers ETF by 11.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 68,595 shares of the exchange traded fund’s stock worth $9,087,000 after acquiring an additional 7,235 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 130.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 65,199 shares of the exchange traded fund’s stock valued at $8,059,000 after purchasing an additional 36,890 shares during the last quarter. Finally, Sovran Advisors LLC grew its position in Invesco BuyBack Achievers ETF by 39.0% during the third quarter. Sovran Advisors LLC now owns 64,018 shares of the exchange traded fund’s stock valued at $8,247,000 after acquiring an additional 17,972 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

Shares of PKW stock traded down $0.21 during trading on Wednesday, reaching $137.11. The company’s stock had a trading volume of 40,241 shares, compared to its average volume of 49,238. The company has a market capitalization of $1.57 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 $138.50. The stock’s 50-day moving average price is $133.38 and its 200 day moving average price is $130.71.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2739 dividend. This represents a $1.10 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, December 22nd.

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.