Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Drops By 60.2%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 9,200 shares, a decrease of 60.2% from the December 15th total of 23,100 shares. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC increased its stake in Invesco BuyBack Achievers ETF by 1.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after purchasing an additional 136 shares during the period. Tempus Wealth Planning LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 1.8% in the third quarter. Tempus Wealth Planning LLC now owns 10,306 shares of the exchange traded fund’s stock valued at $1,180,000 after purchasing an additional 178 shares in the last quarter. Cetera Investment Advisers increased its stake in Invesco BuyBack Achievers ETF by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 27,412 shares of the exchange traded fund’s stock worth $2,848,000 after buying an additional 302 shares during the period. National Bank of Canada FI lifted its holdings in Invesco BuyBack Achievers ETF by 9.8% during the 3rd quarter. National Bank of Canada FI now owns 4,660 shares of the exchange traded fund’s stock worth $534,000 after buying an additional 415 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Invesco BuyBack Achievers ETF by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,598 shares of the exchange traded fund’s stock valued at $4,878,000 after buying an additional 499 shares during the period.

Invesco BuyBack Achievers ETF Stock Up 0.9 %

Shares of Invesco BuyBack Achievers ETF stock traded up $1.02 during mid-day trading on Monday, reaching $114.60. 39,185 shares of the stock traded hands, compared to its average volume of 41,374. The business has a 50-day moving average of $119.42 and a 200 day moving average of $113.33. The stock has a market capitalization of $1.22 billion, a PE ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a fifty-two week low of $96.67 and a fifty-two week high of $125.31.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.2197 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.