Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Large Decline in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,100 shares, a drop of 94.6% from the February 29th total of 20,400 shares. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 0.1 days.

Invesco International BuyBack Achievers ETF Stock Performance

IPKW stock traded up $0.10 during midday trading on Thursday, hitting $39.71. 726 shares of the stock were exchanged, compared to its average volume of 7,197. The stock has a market cap of $71.48 million, a price-to-earnings ratio of 9.19 and a beta of 0.93. The stock’s 50-day moving average price is $37.55 and its 200-day moving average price is $36.27. Invesco International BuyBack Achievers ETF has a fifty-two week low of $32.79 and a fifty-two week high of $39.72.

Invesco International BuyBack Achievers ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a dividend of $0.3724 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Trading of Invesco International BuyBack Achievers ETF

Hedge funds have recently modified their holdings of the business. Harbour Investments Inc. bought a new position in Invesco International BuyBack Achievers ETF during the fourth quarter worth about $64,000. OLD Mission Capital LLC bought a new stake in Invesco International BuyBack Achievers ETF during the 4th quarter worth about $4,744,000. Citadel Advisors LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF in the 4th quarter valued at about $1,668,000. Financial Enhancement Group LLC grew its stake in Invesco International BuyBack Achievers ETF by 11.4% in the 4th quarter. Financial Enhancement Group LLC now owns 61,224 shares of the company’s stock valued at $2,194,000 after buying an additional 6,246 shares during the last quarter. Finally, Brookstone Capital Management grew its position in shares of Invesco International BuyBack Achievers ETF by 3.2% during the 4th quarter. Brookstone Capital Management now owns 85,668 shares of the company’s stock worth $3,206,000 after purchasing an additional 2,617 shares in the last quarter.

About Invesco International BuyBack Achievers ETF

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.