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

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,800 shares, an increase of 21.7% from the May 15th total of 2,300 shares. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in Invesco BuyBack Achievers ETF by 7,426.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,907,550 shares of the exchange traded fund’s stock valued at $441,532,000 after acquiring an additional 4,842,343 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 51.4% in the third quarter. LPL Financial LLC now owns 503,141 shares of the exchange traded fund’s stock worth $45,268,000 after purchasing an additional 170,737 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth about $10,449,000. B. Riley Wealth Advisors Inc. purchased a new position in Invesco BuyBack Achievers ETF in the 1st quarter worth about $7,785,000. Finally, HighTower Advisors LLC lifted its holdings in Invesco BuyBack Achievers ETF by 176.8% during the 3rd quarter. HighTower Advisors LLC now owns 70,289 shares of the exchange traded fund’s stock valued at $6,331,000 after buying an additional 44,895 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ PKW traded down $0.58 on Friday, hitting $102.59. 9,462 shares of the stock were exchanged, compared to its average volume of 19,734. Invesco BuyBack Achievers ETF has a 52-week low of $84.19 and a 52-week high of $108.33. The firm has a market capitalization of $1.08 billion, a P/E ratio of 12.93 and a beta of 1.09. The stock has a fifty day moving average price of $103.79 and a two-hundred day moving average price of $101.69.

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.