Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Up 179.9% in May

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 32,226 shares, an increase of 179.9% from the April 30th total of 11,514 shares. Based on an average daily volume of 31,051 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Invesco BuyBack Achievers ETF Stock Down 0.1%

Shares of PKW traded down $0.08 during mid-day trading on Friday, reaching $136.70. 56,576 shares of the company’s stock were exchanged, compared to its average volume of 31,697. The company has a 50-day simple moving average of $135.35 and a two-hundred day simple moving average of $135.14. Invesco BuyBack Achievers ETF has a 52-week low of $116.97 and a 52-week high of $141.39. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 15.13 and a beta of 0.95.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.2167 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.6%.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

A number of institutional investors have recently modified their holdings of PKW. Garton & Associates Financial Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at approximately $28,000. Chesapeake Asset Management LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at approximately $34,000. Axiom Investment Management LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $52,000. Main Street Group LTD acquired a new position in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $79,000. Finally, Cardiff Park Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $79,000.

About Invesco BuyBack Achievers ETF

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.