Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Significant Growth in Short Interest

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 16,741 shares, a growth of 144.9% from the June 30th total of 6,837 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 17,543 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

A number of large investors have recently added to or reduced their stakes in PKW. Dynamic Advisor Solutions LLC acquired a new position in shares of Invesco BuyBack Achievers ETF during the second quarter worth $203,000. Axiom Investment Management LLC acquired a new stake in Invesco BuyBack Achievers ETF in the first quarter worth about $52,000. Royal Bank of Canada grew its stake in shares of Invesco BuyBack Achievers ETF by 1.6% during the first quarter. Royal Bank of Canada now owns 50,419 shares of the exchange traded fund’s stock worth $6,617,000 after acquiring an additional 770 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Invesco BuyBack Achievers ETF by 1.9% in the 1st quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock worth $879,000 after purchasing an additional 123 shares in the last quarter. Finally, Cardiff Park Advisors LLC acquired a new position in Invesco BuyBack Achievers ETF during the 1st quarter valued at approximately $79,000.

Invesco BuyBack Achievers ETF Price Performance

PKW stock opened at $146.28 on Tuesday. Invesco BuyBack Achievers ETF has a 1-year low of $122.96 and a 1-year high of $146.36. The business has a 50-day moving average price of $140.27 and a 200 day moving average price of $137.47. The company has a market capitalization of $1.71 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 22nd.

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.