Invesco BuyBack Achievers ETF (NASDAQ:PKW) Stock Short Interest Jumps 86.0%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 18,129 shares, an increase of 86.0% from the August 31st total of 9,748 shares. Based on an average daily volume of 31,326 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKW. Quantinno Capital Management LP lifted its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% during the first quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock worth $879,000 after buying an additional 123 shares during the last quarter. International Assets Investment Management LLC raised its stake in Invesco BuyBack Achievers ETF by 44.8% during the 1st quarter. International Assets Investment Management LLC now owns 940 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 291 shares during the last quarter. Pacific Sun Financial Corp increased its holdings in shares of Invesco BuyBack Achievers ETF by 2.5% during the 1st quarter. Pacific Sun Financial Corp now owns 15,801 shares of the exchange traded fund’s stock worth $2,074,000 after purchasing an additional 380 shares during the period. Axiom Investment Management LLC acquired a new position in shares of Invesco BuyBack Achievers ETF during the first quarter valued at about $52,000. Finally, Private Advisor Group LLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 1.5% in the first quarter. Private Advisor Group LLC now owns 33,993 shares of the exchange traded fund’s stock valued at $4,462,000 after buying an additional 495 shares during the period.

Invesco BuyBack Achievers ETF Stock Down 0.4%

PKW stock traded down $0.64 during midday trading on Wednesday, hitting $143.08. 37,511 shares of the company traded hands, compared to its average volume of 30,409. Invesco BuyBack Achievers ETF has a twelve month low of $125.47 and a twelve month high of $154.72. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92. The business has a 50 day simple moving average of $149.33 and a 200-day simple moving average of $141.55.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.2183 dividend. This is a drop from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575. The ex-dividend date was Monday, September 21st. This represents a $0.87 annualized dividend and a yield of 0.6%.

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.