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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 32,226 shares, a growth of 179.9% from the April 30th total of 11,514 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 31,051 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Axiom Investment Management LLC bought a new stake in Invesco BuyBack Achievers ETF during the 1st quarter worth $52,000. Royal Bank of Canada grew its position in Invesco BuyBack Achievers ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 50,419 shares of the exchange traded fund’s stock worth $6,617,000 after acquiring an additional 770 shares during the last quarter. Quantinno Capital Management LP grew its position in Invesco BuyBack Achievers ETF by 1.9% during the 1st quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock worth $879,000 after acquiring an additional 123 shares during the last quarter. Cardiff Park Advisors LLC bought a new stake in Invesco BuyBack Achievers ETF during the 1st quarter worth $79,000. Finally, Waverly Advisors LLC grew its position in Invesco BuyBack Achievers ETF by 3.1% during the 1st quarter. Waverly Advisors LLC now owns 50,413 shares of the exchange traded fund’s stock worth $6,617,000 after acquiring an additional 1,520 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

PKW stock traded down $0.08 during midday trading on Friday, reaching $136.70. 56,576 shares of the stock were exchanged, compared to its average volume of 31,697. The stock has a market capitalization of $1.62 billion, a PE ratio of 15.13 and a beta of 0.95. Invesco BuyBack Achievers ETF has a 52 week low of $116.97 and a 52 week high of $141.39. The company has a fifty day moving average price of $135.35 and a 200 day moving average price of $135.10.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.2167 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%.

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.