Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Decrease in Short Interest

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several hedge funds have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC raised its holdings in shares of Invesco BuyBack Achievers ETF by 1.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock valued at $1,596,000 after buying an additional 136 shares during the last quarter. Tempus Wealth Planning LLC raised its stake in Invesco BuyBack Achievers ETF by 1.8% during the 3rd quarter. Tempus Wealth Planning LLC now owns 10,306 shares of the exchange traded fund’s stock valued at $1,180,000 after acquiring an additional 178 shares during the last quarter. Cetera Investment Advisers lifted its position 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 acquiring an additional 302 shares during the period. National Bank of Canada FI lifted its position 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 acquiring an additional 415 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of 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 purchasing an additional 499 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of NASDAQ:PKW traded up $1.02 on Monday, hitting $114.60. 39,185 shares of the company’s stock were exchanged, compared to its average volume of 41,374. Invesco BuyBack Achievers ETF has a 1-year low of $96.67 and a 1-year high of $125.31. The company has a market capitalization of $1.22 billion, a PE ratio of 12.93 and a beta of 1.09. The firm’s 50-day moving average is $119.42 and its 200 day moving average is $113.33.

Invesco BuyBack Achievers ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given 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.