Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Up 89.0% in March

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 23,243 shares, an increase of 89.0% from the February 26th total of 12,299 shares. Based on an average trading volume of 23,602 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are sold short.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ:PKW traded down $1.10 during mid-day trading on Thursday, hitting $131.11. 16,691 shares of the company’s stock were exchanged, compared to its average volume of 32,702. The company has a market cap of $2.03 billion, a PE ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a one year low of $96.10 and a one year high of $140.10. The business has a fifty day moving average price of $135.92 and a 200 day moving average price of $133.73.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.2167 per share. This represents a $0.87 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, March 23rd.

Institutional Trading of Invesco BuyBack Achievers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Osbon Capital Management LLC bought a new position in Invesco BuyBack Achievers ETF during the 4th quarter valued at approximately $420,000. EP Wealth Advisors LLC bought a new stake in Invesco BuyBack Achievers ETF in the fourth quarter worth $806,000. Garton & Associates Financial Advisors LLC bought a new stake in Invesco BuyBack Achievers ETF in the fourth quarter worth $28,000. truNorth Financial Services Inc. purchased a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth $1,026,000. Finally, Stokes Family Office LLC grew its stake in shares of Invesco BuyBack Achievers ETF by 6.2% in the fourth quarter. Stokes Family Office LLC now owns 4,040 shares of the exchange traded fund’s stock worth $543,000 after acquiring an additional 235 shares during the last quarter.

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.