Short Interest in Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Decreases By 75.0%

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 9,000 shares, a drop of 75.0% from the December 15th total of 36,000 shares. Based on an average daily trading volume, of 21,500 shares, the days-to-cover ratio is presently 0.4 days.

Invesco International BuyBack Achievers ETF Stock Performance

Shares of IPKW stock traded up $0.33 during trading hours on Tuesday, hitting $39.77. 25,459 shares of the company were exchanged, compared to its average volume of 12,320. The stock has a market capitalization of $81.53 million, a price-to-earnings ratio of 10.12 and a beta of 0.93. Invesco International BuyBack Achievers ETF has a one year low of $35.69 and a one year high of $43.17. The business’s 50-day simple moving average is $40.57 and its two-hundred day simple moving average is $41.20.

Invesco International BuyBack Achievers ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.5183 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

A number of hedge funds have recently added to or reduced their stakes in IPKW. Envestnet Asset Management Inc. bought a new position in Invesco International BuyBack Achievers ETF in the 2nd quarter valued at about $12,008,000. Brookstone Capital Management boosted its holdings in shares of Invesco International BuyBack Achievers ETF by 3.2% in the fourth quarter. Brookstone Capital Management now owns 109,365 shares of the company’s stock valued at $4,343,000 after acquiring an additional 3,366 shares in the last quarter. Park Edge Advisors LLC increased its stake in shares of Invesco International BuyBack Achievers ETF by 88.9% during the third quarter. Park Edge Advisors LLC now owns 80,925 shares of the company’s stock valued at $3,466,000 after acquiring an additional 38,086 shares during the period. Financial Enhancement Group LLC raised its holdings in Invesco International BuyBack Achievers ETF by 34.5% during 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. Finally, Cetera Investment Advisers acquired a new stake in Invesco International BuyBack Achievers ETF in the second quarter worth approximately $2,350,000.

About Invesco International BuyBack Achievers ETF

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.