Short Interest in Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Drops By 86.0%

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 26,400 shares, a drop of 86.0% from the February 28th total of 189,100 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 53,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IPKW. Raymond James Financial Inc. purchased a new stake in shares of Invesco International BuyBack Achievers ETF in the 4th quarter valued at $6,436,000. LPL Financial LLC grew its holdings in Invesco International BuyBack Achievers ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 137,509 shares of the company’s stock valued at $5,460,000 after purchasing an additional 8,626 shares during the period. Brookstone Capital Management lifted its stake in Invesco International BuyBack Achievers ETF by 3.2% in the 4th quarter. Brookstone Capital Management now owns 109,365 shares of the company’s stock worth $4,343,000 after purchasing an additional 3,366 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco International BuyBack Achievers ETF by 66.4% in the 4th quarter. Bank of America Corp DE now owns 91,335 shares of the company’s stock worth $3,627,000 after purchasing an additional 36,436 shares during the period. Finally, Financial Enhancement Group LLC grew its stake in Invesco International BuyBack Achievers ETF by 34.5% in the fourth quarter. Financial Enhancement Group LLC now owns 69,655 shares of the company’s stock worth $2,747,000 after purchasing an additional 17,869 shares in the last quarter.

Invesco International BuyBack Achievers ETF Price Performance

Shares of IPKW stock traded down $0.62 during trading hours on Friday, reaching $45.81. The company had a trading volume of 35,834 shares, compared to its average volume of 30,867. The company has a market cap of $93.91 million, a price-to-earnings ratio of 11.33 and a beta of 0.93. The business has a fifty day simple moving average of $44.34 and a 200-day simple moving average of $42.33. Invesco International BuyBack Achievers ETF has a 12 month low of $37.96 and a 12 month high of $48.46.

Invesco International BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a $0.4852 dividend. The ex-dividend date is Monday, March 24th.

Invesco International BuyBack Achievers ETF Company Profile

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.