Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Grows By 56.6%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 20,200 shares, an increase of 56.6% from the October 31st total of 12,900 shares. Based on an average daily volume of 16,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Invesco BuyBack Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC raised its position in shares of Invesco BuyBack Achievers ETF by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 28,916 shares of the exchange traded fund’s stock worth $3,311,000 after acquiring an additional 820 shares in the last quarter. Cetera Investment Advisers increased its position in Invesco BuyBack Achievers ETF by 205.6% during the 1st quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock valued at $2,934,000 after buying an additional 18,240 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF during the second quarter valued at $273,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Invesco BuyBack Achievers ETF by 1.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,822 shares of the exchange traded fund’s stock worth $4,449,000 after acquiring an additional 732 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Invesco BuyBack Achievers ETF by 23.7% in the third quarter. US Bancorp DE now owns 2,786 shares of the exchange traded fund’s stock worth $319,000 after acquiring an additional 533 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of NASDAQ PKW traded up $0.60 during trading hours on Friday, hitting $125.22. The company’s stock had a trading volume of 3,482 shares, compared to its average volume of 17,859. Invesco BuyBack Achievers ETF has a 12 month low of $91.43 and a 12 month high of $125.31. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. The business has a 50-day simple moving average of $117.41 and a 200-day simple moving average of $110.13.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.23 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. This is a boost from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

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.