Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Decreases By 60.2%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 9,200 shares, a drop of 60.2% from the December 31st total of 23,100 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Wealth Management Group LLC acquired a new stake in Invesco BuyBack Achievers ETF during the 4th quarter worth about $75,000. Stratos Wealth Partners LTD. raised its stake in shares of Invesco BuyBack Achievers ETF by 6.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,639 shares of the exchange traded fund’s stock valued at $764,000 after buying an additional 401 shares during the last quarter. Avantra Family Wealth Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $359,000. Crews Bank & Trust purchased a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $46,000. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Invesco BuyBack Achievers ETF by 10.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 11,585 shares of the exchange traded fund’s stock valued at $1,334,000 after buying an additional 1,053 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Down 0.6 %

Shares of Invesco BuyBack Achievers ETF stock traded down $0.72 during trading on Tuesday, reaching $119.73. The company’s stock had a trading volume of 6,158 shares, compared to its average volume of 32,519. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 1-year low of $99.16 and a 1-year high of $125.31. The company has a 50-day simple moving average of $119.13 and a two-hundred day simple moving average of $114.40.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.2197 dividend. The ex-dividend date was Monday, December 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.