Invesco BuyBack Achievers ETF (NASDAQ:PKW) Stock Short Interest Climbs 20,156.6%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 245,713 shares, an increase of 20,156.6% from the October 15th total of 1,213 shares. Based on an average daily volume of 19,070 shares, the short-interest ratio is presently 12.9 days. Currently, 2.1% of the company’s shares are short sold.

Invesco BuyBack Achievers ETF Price Performance

Shares of NASDAQ:PKW traded up $0.21 on Tuesday, hitting $150.20. 10,369 shares of the company’s stock were exchanged, compared to its average volume of 29,333. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 13.43 and a beta of 0.92. Invesco BuyBack Achievers ETF has a 12 month low of $125.47 and a 12 month high of $154.72. The business’s 50 day simple moving average is $148.81 and its two-hundred day simple moving average is $141.83.

Invesco BuyBack Achievers ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKW. United Community Bank purchased a new stake in Invesco BuyBack Achievers ETF in the 2nd quarter valued at about $70,000. Envestnet Asset Management Inc. raised its stake in Invesco BuyBack Achievers ETF by 173.4% in the second quarter. Envestnet Asset Management Inc. now owns 192,831 shares of the exchange traded fund’s stock worth $27,316,000 after buying an additional 122,311 shares in the last quarter. Triton Wealth Management PLLC raised its position in shares of Invesco BuyBack Achievers ETF by 2.5% in the 3rd quarter. Triton Wealth Management PLLC now owns 79,795 shares of the exchange traded fund’s stock worth $12,044,000 after acquiring an additional 1,962 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco BuyBack Achievers ETF by 6.1% during the first quarter. Cetera Investment Advisers now owns 61,132 shares of the exchange traded fund’s stock valued at $8,024,000 after buying an additional 3,522 shares during the last quarter. Finally, Waverly Advisors LLC lifted its position in Invesco BuyBack Achievers ETF by 1.3% during the second quarter. Waverly Advisors LLC now owns 51,046 shares of the exchange traded fund’s stock valued at $7,231,000 after acquiring an additional 633 shares during the last quarter.

Invesco BuyBack Achievers ETF Company Profile

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.