Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 4,500 shares, an increase of 164.7% from the June 15th total of 1,700 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.3 days.
Invesco BuyBack Achievers ETF Stock Performance
NASDAQ:PKW traded up $1.17 during mid-day trading on Thursday, hitting $104.25. 10,227 shares of the stock were exchanged, compared to its average volume of 19,139. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. The firm’s 50-day simple moving average is $103.86 and its 200 day simple moving average is $102.73. Invesco BuyBack Achievers ETF has a fifty-two week low of $84.19 and a fifty-two week high of $108.33.
Invesco BuyBack Achievers ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.2245 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.90 annualized dividend and a yield of 0.86%.
Hedge Funds Weigh In On Invesco BuyBack Achievers ETF
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.
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