Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Expands By 144.9%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 16,741 shares, a growth of 144.9% from the June 30th total of 6,837 shares. Based on an average daily volume of 17,543 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its stake in Invesco BuyBack Achievers ETF by 9.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock worth $467,000 after buying an additional 342 shares during the period. Jane Street Group LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the first quarter worth about $417,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock valued at $3,991,000 after purchasing an additional 391 shares during the period. NewEdge Advisors LLC increased its stake in Invesco BuyBack Achievers ETF by 16.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock valued at $3,475,000 after buying an additional 3,951 shares during the period. Finally, Bank of America Corp DE raised its holdings in Invesco BuyBack Achievers ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock worth $96,517,000 after purchasing an additional 16,109 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW opened at $146.28 on Tuesday. The business’s 50-day moving average is $140.27 and its two-hundred day moving average is $137.47. The company has a market capitalization of $1.71 billion, a P/E ratio of 15.13 and a beta of 0.92. Invesco BuyBack Achievers ETF has a fifty-two week low of $122.96 and a fifty-two week high of $146.36.

Invesco BuyBack Achievers ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.2575 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.03 dividend on an annualized basis and a yield of 0.7%.

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.