Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Down 60.2% in December

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mendota Financial Group LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the third quarter valued at approximately $59,000. Valley Wealth Managers Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF in the 3rd quarter worth $90,000. Dunhill Financial LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter worth $115,000. Lion Street Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the third quarter valued at $202,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Invesco BuyBack Achievers ETF in the third quarter valued at about $203,000.

Invesco BuyBack Achievers ETF Stock Up 1.2 %

Shares of Invesco BuyBack Achievers ETF stock traded up $1.37 on Tuesday, reaching $116.18. The company’s stock had a trading volume of 45,931 shares, compared to its average volume of 42,329. Invesco BuyBack Achievers ETF has a 52 week low of $96.67 and a 52 week high of $125.31. The firm’s fifty day simple moving average is $119.44 and its two-hundred day simple moving average is $113.49. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Announces Dividend

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

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.