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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large increase in short interest during 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 trading 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 Stock Up 0.1%

NASDAQ PKW traded up $0.21 during trading hours on Tuesday, hitting $150.20. 10,369 shares of the company were exchanged, compared to its average volume of 29,333. The stock has a 50-day moving average price of $148.81 and a 200 day moving average price of $141.83. Invesco BuyBack Achievers ETF has a 52 week low of $125.47 and a 52 week high of $154.72. The stock has a market cap of $1.74 billion, a PE ratio of 13.43 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.2183 dividend. This is a negative change 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 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of Invesco BuyBack Achievers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PKW. United Community Bank bought a new position in shares of Invesco BuyBack Achievers ETF during the second quarter valued at approximately $70,000. Envestnet Asset Management Inc. raised its holdings in shares of 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 during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Invesco BuyBack Achievers ETF by 16,177.2% in the second quarter. TD Waterhouse Canada Inc. now owns 40,693 shares of the exchange traded fund’s stock worth $5,765,000 after buying an additional 40,443 shares during the period. Thoroughbred Financial Services LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $5,047,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $4,375,000.

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.