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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 8,400 shares, an increase of 47.4% from the February 28th total of 5,700 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 26,100 shares, the days-to-cover ratio is currently 0.3 days.

Invesco BuyBack Achievers ETF Trading Up 0.6 %

Shares of Invesco BuyBack Achievers ETF stock traded up $0.70 during trading on Monday, reaching $112.67. The company’s stock had a trading volume of 45,604 shares, compared to its average volume of 18,895. The stock has a market capitalization of $1.20 billion, a P/E ratio of 14.74 and a beta of 1.09. The stock has a 50-day moving average price of $116.71 and a two-hundred day moving average price of $117.07. Invesco BuyBack Achievers ETF has a one year low of $101.26 and a one year high of $125.31.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.3078 dividend. This is a boost from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Invesco BuyBack Achievers ETF during the 4th quarter valued at about $28,804,000. Bank of America Corp DE boosted its stake in Invesco BuyBack Achievers ETF by 17.5% in the fourth quarter. Bank of America Corp DE now owns 702,068 shares of the exchange traded fund’s stock valued at $80,829,000 after acquiring an additional 104,645 shares during the last quarter. Elevation Capital Advisory LLC grew its holdings in Invesco BuyBack Achievers ETF by 2,608.4% during the 4th quarter. Elevation Capital Advisory LLC now owns 76,484 shares of the exchange traded fund’s stock worth $8,806,000 after acquiring an additional 73,660 shares during the period. GeoWealth Management LLC raised its position in shares of Invesco BuyBack Achievers ETF by 2,608.4% during the 4th quarter. GeoWealth Management LLC now owns 76,484 shares of the exchange traded fund’s stock valued at $8,806,000 after acquiring an additional 73,660 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at $3,591,000.

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.