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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 9,103 shares, a decrease of 71.8% from the May 14th total of 32,226 shares. Based on an average daily volume of 33,831 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PKW. Integrated Wealth Concepts LLC lifted its holdings in shares of Invesco BuyBack Achievers ETF by 9.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock worth $467,000 after acquiring an additional 342 shares during the period. Jane Street Group LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter worth about $417,000. JPMorgan Chase & Co. lifted its holdings in shares of Invesco BuyBack Achievers ETF by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock worth $3,991,000 after acquiring an additional 391 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Invesco BuyBack Achievers ETF by 16.4% during the 2nd quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock worth $3,475,000 after acquiring an additional 3,951 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Invesco BuyBack Achievers ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock worth $96,517,000 after acquiring an additional 16,109 shares during the period.

Invesco BuyBack Achievers ETF Stock Up 0.6%

Invesco BuyBack Achievers ETF stock traded up $0.87 during mid-day trading on Friday, reaching $139.96. The company had a trading volume of 22,066 shares, compared to its average volume of 30,367. Invesco BuyBack Achievers ETF has a 52 week low of $118.46 and a 52 week high of $141.39. The company has a 50 day moving average of $136.69 and a 200-day moving average of $135.75. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 15.13 and a beta of 0.93.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued 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.